CHILLGUY Meme Coin Tanks 14% Amid Plagiarism Accusations

Netizens claim that the CHILLGUY meme coin is plagiarized from Thailand’s RELAXBOY brochure character, causing its price to drop by 14%.

Dogi-themed meme coin CHILLGUY dropped about 14% in a day after claims of plagiarism. After weeks of being among the most talked about coin memes in the crypto industry, CHILLGUY is facing accusations of copying Thailand’s RELAXBOY character.

CHILLGUY Meme Coin Under Scrutiny: Possibly plagiarized from Thailand

“Just a Chill Guy” meme currency has been controversial for some time. In October 2023, the coin gained attention on social media, with Philip Banks claiming to be its creator. Banks has rejected using his artwork to promote the brand, issuing legal threats X. Recently, a Reddit post revealed new details and allegations of plagiarism, further fueling the controversy surrounding CHILLGUY.

“Just a Chill Guy” Meme Coin Drama Heats Up!

Creator Philip Banks isn’t cool about using his artwork, dropping the legal threats that plagued $CHILLGUY.

Now, a Reddit post is sparking a plagiarism twist — what’s next for this mess of meme coins? pic.twitter.com/9Pg78FYlSi

— Professor Crypto (@profcryptotalks) December 26, 2024

A Reddit user recently shared an image of a brochure raising concerns about potential plagiarism involving the CHILLGUY meme currency. The booklet, instead of featuring CHILLGUY, features a character called RELAX BOY, whose face has been swapped with the dog used in the CHILLGUY meme.

However, the publication timeline remains unclear, with some users claiming it is six or eight years old. In addition, the absence of documentation and the growing use of AI technology cast doubt on its authenticity. Some investors believe it could be an effort to create hype around CHILLGUY to improve its performance.

CHILLGUY’s market cap dropped to $179.18 million

Today, CHILLGUY’s price has decreased up 4% to trade at $0.1792 as ‘Just A Chill Guy’ controversy unfolds. As a result, its market cap fell to $179.18 million.

However, CHILLGUY grew by 6% in trading volume, reflecting increased investor interaction. Controversy surrounding the symbol undoubtedly contributed to strong selling pressure, causing a decline.

What could be the next crypto trend?

Investors looking for more reliable meme coins might consider the successful presale Wall Street Pepe. Getting Wall Street Pepe at presale prices allows you to purchase them at a fraction of their future market value. This can position you for substantial returns once the token is listed on popular exchanges.

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