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Artist Phillip Banks, the originator of the viral “Just a Chill Guy” meme, has revealed intentions to implement copyright protection for his well-known character.
This announcement follows the meme’s rapid ascent in value, featuring a relaxed, anthropomorphic dog characterized by a distinctive grin and hands in pockets, which has captivated the crypto community.
“Just putting it out there, chill guy has been copyrighted. like, legally. I’ll be issuing takedowns on for-profit related things over the next few days,” Banks stated on X.
He clarified that this does not pertain to brand accounts utilizing the meme as part of a trend. “Mainly unauthorized merchandise and shitcoins,” he specified.
Just a Chill Guy Meme Becomes Viral Sensation
The “Just a Chill Guy” meme gained momentum in late 2023 after Banks first shared the illustration on social media.
The character quickly connected with audiences, transforming into a viral phenomenon on platforms such as TikTok and X.
Recognized for its laid-back and easygoing nature, the humanoid dog became emblematic of a relaxed approach to life.
The meme recently attracted additional global attention when El Salvador’s President Nayib Bukele shared it on his official X account.
pic.twitter.com/WRxdP6qreN
— Nayib Bukele (@nayibbukele) November 21, 2024
The character’s viral success has also permeated the cryptocurrency sector, leading to the introduction of the Solana-based memecoin, $CHILLGUY.
As the coin’s mascot, the “Chill Guy” character was instrumental in the token’s remarkable surge.
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The memecoin’s value skyrocketed an incredible 538% within just two days, elevating its market capitalization from $11.5 million on Monday to $488 million by Wednesday.
One trader, recognized by the wallet address 9zW, reportedly transformed a modest investment of just over $1,100 into unrealized gains surpassing $1 million.
Initially investing $233.89 during the token’s early phase on the Pump.fun meme coin launchpad, the trader took advantage of the coin’s 38,800% increase to a $4.4 million market cap within 30 hours.
The excitement did not end there.
Despite a brief pullback, $CHILLGUY experienced another surge, prompting the trader to make further investments totaling $867.35.
By the time the token reached its peak on Wednesday, the trader had sold $411,500 worth of holdings while still retaining tokens valued at $636,942.
He’s just a chill guy who turned $865 into $6.4 MILLION
Wallet address: 3MnLctUvd7QUpvsP36caPT8rTj7QtM6VaJUYEFP3LH5B pic.twitter.com/UdY3rs0VDK— Arkham (@ArkhamIntel) November 20, 2024
Meme Coin Season Rages On
Significantly, there have been numerous instances of traders converting small investments into substantial fortunes recently as the meme coin frenzy continues.
Just recently, an anonymous trader transformed a $17 investment in Pnut, a meme coin inspired by a viral squirrel, into an impressive $3 million in Solana tokens.
The token, developed through Pump.Fun, gained traction following the story of P’Nut, a squirrel euthanized for a rabies test, which garnered widespread internet support.
By seizing the perfect moment, the trader capitalized on Pnut’s rapid ascent, exchanging tokens at their peak value of $1.50 just hours after Binance announced its listing.
The post Just a Chill Guy Character Creator Moves to Enforce Copyright as $CHILLGUY Meme Coin Explodes appeared first on Cryptonews.
