CHILLGUY Drops 14% Amid Copyright Infringement Allegations

Multiple reports suggest that the “Just a Chill Guy” coin meme first appeared on social media in October 2023, with Philip Banks claiming to be its creator. However, Philip has denied using his work for branding and cryptocurrency meme development campaigns.

A Reddit user shared an image of a booklet, raising suspicions that the meme may have been plagiarized from a book in Thailand. In the book, the character is not called CHILLGUY but RELAX BOY, with his face swapped to the dog in the CHILLGUY coin meme. Interestingly, the publication date of this booklet is confusing. Some users claim that it was published six years ago, while others say it was eight years ago.

However, information about this booklet remains vague and lacks supporting documents to verify. It is worth noting that many people are skeptical about the use of AI technology to create this fake document. However, some investors believe that this could be a ploy to create attention around the meme coin CHILLGUY to boost its value.

CHILLGUY price drops 14%, but will recover if…

Amid the controversy surrounding the “Just A Chill Guy” meme, CHILLGUY price fell 14% today, currently trading at $0.1792. At the same time, its market capitalization also decreased to $179.18 million. However, trading volume increased by 6%, indicating that investor interaction is increasing. Although the controversy is not really serious, strong selling pressure has covered this coin, increasing the downward trend.