CHILLGUY, a Solana meme coin based on the famous TikTok meme character Chill Guy, became a sensation soon after its launch, as it achieved massive growth in the initial days. But things took a turn when the creator of the character, Philip Banks, strongly objected to the use of his art in the meme coin project. However, a recent Instagram post by Banks indicates that a solution has been reached to settle this issue. Curious to know the details? Read on!
Philip Banks Announces Licensing Agreement
There were rumours that the CHILLGUY meme coin team would approach Banks seeking his support. In a recent Instagram post, Banks confirms that the team approached him, and they have reached an agreement regarding licensing and IP rights after a long discussion. He officially announces that he has decided to provide licensing and IP rights to the team, putting an end to the uncertainty questioning the sustainability of the meme coin.
Notably, it was through his X handle that Banks initially shared the developments regarding the discussion. However, as his X account was hacked, he had to reach out again through Instagram.
Current Market Performance of CHILLGUY
At the time of the launch, the price of CHILLGUY was around $0.00730. Between November 18 and 22, it experienced an astrointing growth of 7094.33%. On November 27, the price touched a peak of $0.6328. Since then, the market has been declining gradually. On December 2, it slipped to a low of $0.377. On December 10, it further declined to $0.2939. In the last seven days, the CHILLGUY market has experienced a decline of 28.1%. In the last 24 hours alone, it has dropped by over 13.4%. Right now, the CHILLGUY price stands at $0.321.
In conclusion, while the licensing deal is a positive development for the Just a Chill Guy team, the token’s current market performance remains a concern.
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