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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Dec 13, 2024 06:41 UTC
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CHILLGUY Meme Coin Secures Licensing Deal, Price Dips
CHILLGUY, a Solana meme coin, saw explosive initial growth, but faced controversy when the creator of the "Chill Guy" character objected to its use.
After negotiations, the creator agreed to license the character to the CHILLGUY team, resolving the legal dispute.
Despite the positive licensing news, the CHILLGUY token has experienced a significant price decline in recent weeks.
The CHILLGUY meme coin, inspired by the popular TikTok character Chill Guy, gained massive attention shortly after its launch, with impressive growth in its early days. However, things took a turn when Philip Banks, the creator of the Chill Guy character, objected to the use of his art in the meme coin project. Recently, though, Banks shared an update on Instagram, revealing that a solution has been reached.
Curious about the details? Keep reading!
Licensing Agreement: What It Means for CHILLGUY
Rumors spread that the CHILLGUY meme coin team was in talks with Banks to get his approval. In a recent Instagram post, Banks confirmed that the team did reach out to him, and after extensive discussions, they came to an agreement on licensing and intellectual property (IP) rights.
He officially announced that he would provide the necessary rights to the CHILLGUY team, ending the uncertainty and concerns about the project’s future.
Notably, it was through his X handle that Banks initially shared the developments regarding the dBanks initially shared the news of the licensing talks on his X account. However, after his account was hacked, he used Instagram to share the latest update, ensuring his followers stayed informed.
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Current Market Performance of CHILLGUY
At launch, CHILLGUY’s price was around $0.00730. From November 18 to 22, the price surged by an astonishing 7,094.33%. On November 27, it reached a peak of $0.6328. Since then, the market has been on a gradual decline. By December 2, the price dropped to $0.377, and by December 10, it further fell to $0.2939. In the past week, CHILLGUY’s market has declined by 28.1%, and in the last 24 hours alone, it has dropped over 13.4%. The current price is $0.321.
While the licensing deal with Banks is a positive development for the CHILLGUY team, the token’s current market performance remains a concern.
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The road ahead for CHILLGUY looks uncertain, but this latest deal has certainly added a twist to the tale.
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