Chillguy (CHILLGUY), a popular meme coin that has received a lot of attention recently, has dropped significantly in price. The token, popular for its calm attitude, has fallen 20%, sliding from $0.22 to $0.17. This fall comes after claims that his mascot may not be original but copied from a Thai brochure character called RELAXBOY.
Is CHILLGUY copied from Thailand?
CHILLGUY has been a trending topic in the crypto world, with its mascot “Just a Chill Guy” winning hearts on the internet. The meme coin was very popular after its launch in late 2023. However, new allegations have emerged, questioning its origin.
A Reddit user recently posted an image of a Thai brochure featuring a character called RELAXBOY. The image is very similar to CHILLGUY, prompting debates about plagiarism. Some users said the booklet is at least six years old, while others suggested it could be older.
The resemblance is striking, as the character in the booklet looks almost identical to CHILLGUY, except with a different face.
Philip Banks, who claims to have created the original “Just a Chill Guy” meme, has already stated that he does not like using the meme in advertising or crypto projects. He even issued legal warnings, which had previously affected the price of CHILLGUY. Now, the new plagiarism claims have put more weight on the token.
Some users have suggested that the reference to the booklet could be made using AI, aiming to stimulate controversy and build interest in the token.
Despite the fact, the ongoing debates have contributed to a higher sales pressure on CHILLGUY, causing a significant decline in the market value.
ChillGuy Market Effect
As of today, the price of CHILLGUY has fallen to $0.1732 today, down 16.6% in the last 24 hours. Its market value has dropped to $173.58 million.
At its peak, CHILLGUY had a market value of $650 million and was listed on major exchanges like Bybit and KuCoin. But the recent plagiarism claims have raised questions about his future.
Source: https://coinpedia.org/news/chillguy-chillguy-memecoin-price-drops-20-over-plagiarism-claims/
