Chillguy Meme Coin Faces Plagiarism Allegations Amid Price Decline

As a seasoned crypto investor with a knack for sniffing out potential scams and a keen eye for originality, I must admit that the recent turbulence surrounding Chill Guy has left me both amused and puzzled. The accusations of plagiarism have certainly cast a shadow over this meme coin, but as someone who’s seen more than a few crypto projects rise and fall, I find it hard to be too alarmed just yet.

Chill Guy’s (CHILLGUY) price has significantly dropped, with a 20% decrease over the past 24 hours. From $0.21966, it is now being traded at $0.17240. This sharp decline might be due to allegations on social media platforms suggesting that the token’s mascot may not be authentic.

Ever since its debut, this token has garnered significant attention, and its emblematic figure, often referred to as Chill Guy, has won over numerous fans. However, doubts about its authenticity have arisen lately, causing some owners to offload their assets. A Reddit user posted an image of a character named RELAXBOY from a Thai booklet, which bears a striking resemblance to Chill Guy’s mascot. This has ignited discussions about possible plagiarism, with some users asserting that the mascot might have been duplicated.

A user posted a comment on the shared content, warning that it seemed to be advertising for a rug pull scam. They pointed out that several comments appeared to have been removed. The commenter advised being skeptical of online information since scammers might concoct tales for financial exploitation. Additionally, they explained that “Just a Chill Guy” was the creation of Philip Banks and the image under discussion was manipulated using Photoshop, based on an original character from a Vietnamese children’s newspaper.

Creator Philip Banks Addresses the Controversy

As the supposed originator of the “Just a Chill Guy” meme, I, Philip Banks, recently addressed the ongoing controversy on my X account. It appears that a Vietnamese children’s magazine has appropriated the term “CHILLGUY,” leading to accusations of theft against me. However, I want to clarify that while I do not support their actions, I am not enraged by them.

Apologies for the delay in response, I’ve been less active on Twitter these days. However, I thought you should know that a Vietnamese children’s magazine/newspaper recently repurposed an image I created, and now some people are claiming I stole it. To clarify, I’m not upset with Học Trò Cười for using the ‘Chill Guy,’ though I don’t endorse this practice as it happens frequently. I merely want to prevent any harassment or misuse of this situation for racist purposes.

As a researcher, I’ve come across previous statements by Bank where he expresses his disapproval and non-endorsement of using his artwork in any cryptocurrency-related ventures. In an effort to discourage such use, he has issued legal advisories.

In the meantime, some users ponder whether the booklet reference was artificially created with AI to provoke debate and boost attention towards the token. Yet, if this is true, it doesn’t seem to be effective since the token’s price remains on a downward trend. Moreover, the trading volume has decreased by over 20% within the past 24 hours.

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2024-12-26 18:45