The illustrator behind the popular “Chill Guy” meme is warning CHILLGUY holders that he plans to take legal action against the Solana (SOL)-based memecoin over copyright issues.
According to a new Decrypt report, Chill Guy creator Phillip Banks recently threatened legal action via social media platform X over unauthorized commercial use of his viral comic.
“If we just put it out there, Chill Guy will be copyrighted. Legally. “We will be announcing a takedown of for-profit content over the next few days.”
Phillip Banks locked his X account after the post. According to a screenshot from X user TheDeFiApe, Banks plans to track unauthorized goods and memecoins.
Despite Banks’ protests, Crypto.com announced yesterday that the exchange is listing CHILLGUY. Gate.io, the 10th largest cryptocurrency exchange by trading volume, also started trading CHILLGUY yesterday as a “pilot section” project.
“CHILLGUY has just been launched on the pilot section of Gate.io and has already soared 1065.01% in the first 24 hours!
From TikTok sensation to explosive memecoin – CHILLGUY demonstrates the incredible potential of Gate.io pilot section projects.”
The Chill Guy cryptocurrency project has yet to issue an official response, but a meme posted this morning on memecoin’s X account appears to be aimed at banks.
“Keep your cryptocurrency donations safe. “I’m going to enjoy my Xbox.”
CHILLGUY is trading at $0.381 at the time of writing, down 5.5% in the last 24 hours. Chill Guy is down 18.6% from yesterday’s high of $0.479. Following Banks’ tweet, CHILLGUY fell about 54%. The extremely unstable memecoin was created less than 7 days ago.
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