Solana

The <a href="https://coinpedia.org/news/why-peanut-the-squirrel-pnut-is-up-today-the-meme-coins-latest-surge/" target="_blank" rel="noreferrer noopener">CHILLGUY meme coin</a>, 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 <a href="https://coinpedia.org/news/creator-of-viral-chill-guy-meme-takes-legal-action-against-500m-token/" target="_blank" rel="noreferrer noopener">Philip Banks</a>, 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!   
<h2 class="wp-block-heading" id="h-licensing-agreement-what-it-means-for-chillguy">Licensing Agreement: What It Means for CHILLGUY</h2>   
Rumors spread that the <a href="https://coinpedia.org/price-prediction/just-a-chill-guy-chillguy-price-prediction/" target="_blank" rel="noreferrer noopener">CHILLGUY meme coin</a> 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.   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/13132346/Philip-Banks-Announces-Licensing-Agreement-634x1024.webp" alt="" class="wp-image-392642">
</figure>   
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.   [post_titles_links postid="391713"]   
<h2 class="wp-block-heading" id="h-current-market-performance-of-chillguy">Current Market Performance of CHILLGUY</h2>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/13132405/Current-Market-Performance-of-CHILLGUY-1024x576.webp" alt="" class="wp-image-392643">
</figure>   
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.   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
The road ahead for CHILLGUY looks uncertain, but this latest deal has certainly added a twist to the tale.   
&nbsp;&nbsp;

CHILLGUY Meme Coin Secures Licensing Deal, Price Dips

Table of Contents

CoinPedia News

Other articles published on Dec 13, 2024

NEAR Snap Brings Non-EVM Features to MetaMask for the First Time

Qubetics Presale Reaches $5.7M, Cosmos Expands DeFi Collaborations, and Polygon Revolutionises We...

XRP Price Rally Inspires Interest in an Overlooked Altcoin with Similar 16,509% Potential

French Household Wealth Drops Amid Real Estate Crisis

Trump team seek ways to slim or abolish banking regulators: WSJ

Solana’s Unstoppable Rise as the Top Choice for Crypto Innovators: Report

Join our free newsletter for daily crypto updates!