The chillguy meme has not too long ago gained traction on platforms like TikTok and amongst manufacturers. But its creator is unamused with a parody memecoin.
- Phillip Banks, the creator of the “Chill Guy” meme, mentioned he is copyrighted the character and plans to difficulty takedown notices for any for-profit use.
- Notable figures within the crypto neighborhood responded by humorously suggesting Banks accepts tokens or cash via a Solana tackle.
- The CHILLGUY token’s recognition was supposedly fueled by its viral unfold on TikTok, the place even non-crypto customers have been discussing methods to purchase it, resulting in a speculative development of looking for new viral tokens on social media.
Chillguy’s 100,000 token holders aren’t feeling so chill anymore.
Phillip Banks, the meme’s creator, is threatening to difficulty takedown notices for profit-related property or purposes utilizing the character he created as a spoof meme token that went viral on Crypto Twitter.
“Chill guy has been copyrighted. like, legally. I’ll be issuing takedowns on for-profit related things over the next few days,” Banks mentioned on X. “not like brand accounts using him as a trend, that’s kinda something i dont really care about (i do just ask for credit. or xboxes.). mainly unauthorized merchandise and shitcoins.”
Banks’ authorized threats turned down the warmth on the CHILLGUY token, whose creator is unkown. It is sort of 50% beneath its Wednesday peak, with the decline strengthened by profit-taking.
Notable Crypto Twitter merchants, in the meantime, are asking Banks to submit a Solana tackle for receiving cash or tokens — within the hopes of maintaining the enjoyable going. It’s not clear whom Banks plans to focus on.
The meme took Crypto Twitter by storm this week because the parody Solana-based CHILLGUY token rocketed greater than 1,000% in a single day, notching up a $500 million market capitalization at Wednesday’s peak.
Chillguy portrays a personality unfazed by life’s challenges. It has attracted curiosity from manufacturers to El Salvador’s President Nayib Bukele, boosting narratives across the token.
Early backers claimed the memecoin went viral on video content material community TikTok, the place “normies” — or most people that doesn’t maintain crypto — have been supposedly making movies on methods to purchase the token and the way it was on observe for larger positive factors forward.
That spurred a whole narrative of scouring TikTok for brand new crypto picks, with speculators hoping to seek out tokens going viral amongst normies for short-term buying and selling.
Such memecoins typically rise quickly because of hypothesis, neighborhood hype and social media traits. They are, nonetheless, additionally extraordinarily unstable, with costs pushed extra by sentiment and advertising than a powerful neighborhood.
These traits typically do not final lengthy. They can peak shortly because of hype however are liable to fast declines as soon as the thrill wanes. New memes continuously emerge, diverting consideration and funding — leaving buyers who purchased into the narrative with near-worthless luggage.
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