CHILLGUY Meme Coin Secures Licensing Deal with Philip Banks
CHILLGUY, a Solana meme coin based on the famous TikTok meme character Chill Guy, created a buzz soon after its launch as it saw huge growth in its first few days. But things took a turn when the character’s creator, Philip Banks, strongly objected to the use of his art in the meme coin project. However, Banks’ recent Instagram post suggests that a solution has been reached to address the issue. Want to know the details? Keep reading!
Philip Banks announces licensing deal
There are rumors that the CHILLGUY meme coin team will seek support from Banks. In a recent Instagram post, Banks confirmed that he had been approached by the team and after lengthy discussions, they had reached an agreement on licensing and intellectual property issues. He officially announced that he has decided to provide licensing and intellectual property rights to the team, ending uncertainty over the memecoin’s sustainability.
It’s worth noting that Banks initially shared the progress of the discussion through his X account. However, since his X account was hacked, he had to contact again via Instagram.
CHILLGUY’s current market performance
At the time of publication, the price of CHILLGUY was approximately $0.00730. From November 18th to 22nd, it surged 7094.33%. On November 27, the price peaked at $0.6328. Since then, the market has gradually declined. On December 2, it fell to a low of $0.377. On December 10, it fell further to $0.2939. The CHILLGUY market has fallen 28.1% over the past seven days. In the past 24 hours alone, the index has fallen more than 13.4%. Currently, CHILLGUY price is $0.321.
In summary, while the licensing agreement is a positive development for the Just a Chill Guy team, the token’s current market performance remains concerning.
