The post CHILLGUY Meme Coin Tanks 14% Amid Plagiarism Controversy: What’s Next? appeared on BitcoinEthereumNews.com.

CHILLGUY meme coin has ruled the heart of the internet and crypto industry. For weeks, people have been talking about this laid-back anthropomorphic dog. However, its popularity also brought multiple controversies. One of which is the plagiarism claims by netizens, which tanked the CHILLGUY price by around 14% within a day. CHILLGUY Meme Coin Might Be Plagiarised From Thailand Multiple reports witnessed the Just a Chill Guy meme coin entering social media in October 2023, where Philip Banks claimed to be its creator. However, Philip Banks hated the idea of using his artwork in brand promotions and meme crypto development. He posted a legal threat on X, impacting the 4000% CHILLGUY price rally.  However, a recent Reddit post revealed new information on the matter, creating a plagiarism controversy. A Reddit user shared an image of a booklet, which raised the suspicion that the meme might be plagiarised from a Thailand booklet. Instead of the CHILLGUY, the booklet called it RELAX BOY, whose face is swapped with the Dog in the CHILLGUY meme coin. Interestingly, the timeline for this booklet publication is a little confusing. A few users added that it is six years old, while others added that it is eight years old. However, there is not enough information about this booklet, and it lacks supporting documents. Interestingly, people suspect the usage of AI technology to create this fake reference.  Regardless, investors also doubt this is an attempt to pump the hype around the CHILLGUY meme coin to boost its performance. CHILLGUY Price Dropped 14% But Will Recover If Amid this ‘Just A Chill Guy’ controversy, the CHILLGUY price today dropped 14% and currently trades at $0.1792. With that, its market capitalization has also declined to $179.18M, but there is a 6% surge in trading volume, indicating increased investor interaction. Although…

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Filed under: News - @ December 26, 2024 8:20 am