Chillguy (CHILLGUY) Memecoin Price Drops 20% Over Plagiarism Claims

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Chillguy (CHILLGUY), a popular meme coin that gained massive attention recently, has faced a sharp price drop. The token, popular for its relaxed attitude, has fallen by 20%, sliding from $0.22 to $0.17. This drop comes after claims that its mascot may not be original but copied from a Thai booklet character named 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 saw massive popularity after launching in late 2023. However, new allegations have surfaced, questioning its originality.

A Reddit user recently posted an image of a Thai booklet featuring a character called RELAXBOY. The image closely resembles CHILLGUY, sparking debates about possible plagiarism. Some users claimed that the booklet is at least six years old, while others suggested it could be older. 

The similarity is striking, as the booklet’s character looks nearly identical to CHILLGUY, except with a different face.

Legal and Social Media Drama

Philip Banks, who claims to have created the original “Just a Chill Guy” meme, has already expressed his dislike for using the meme in promotions or crypto projects. He even issued legal warnings, which had previously affected CHILLGUY’s price. Now, the new plagiarism claims have added more pressure on the token.

Some users have suggested the booklet reference could be fabricated using AI, aiming to stir controversy and reignite interest in the token. 

Regardless of the truth, the ongoing debates have contributed to heightened selling pressure on CHILLGUY, causing a notable decline in its market value.

ChillGuy Market Impact

As of today, CHILLGUY’s price has dropped to $0.1732 today, down 16.6% in the past 24 hours. Its market value has fallen 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 its future.