Coin Chill Guy ($CHILLGUY) meme soars 50%, but threatened by copyright lawsuit

Jakarta, Pintu News – Meme coins are back in the news after Chill Guy ($CHILLGUY), a popular internet character-based token, recorded an extreme price spike since its launch on November 15. The market capitalization of $CHILLGUY shot up from $10 million to a peak of $500 million (around Rp8.17 trillion at an exchange rate of 1 USD = Rp16,346), even rising 60% in the last 24 hours before correcting around $440 million (Rp7.19 trillion).

Viral Factors & Public Figure Support

One of the main triggers for $CHILLGUY’s rise in value was the viralization of the “Chill Guy” character, a laid-back anthropomorphized dog that has been trending among Gen Z, especially through the TikTok platform. Endorsements from figures like El Salvador’s President Nayib Bukele-who posted the meme on his official account-further fueled market speculation. Rumors of a possible listing on Binance added to the euphoria, as the potential for liquidity and investor access grew.

Also Read: XRP Price Surges Again: Momentum Rising, Eyeing Key Resistance

Fantastic Profits & Risks Behind the Rise

Not only has Chill Guy outperformed well-known meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB), but it’s even a speculative success story-one trader reportedly managed to turn $1,000 into more than $1 million in a short period of time. However, experts warn of the high volatility in the meme coin sector: the potential for big profits always comes with the risk of losing just as much capital.

Copyright Controversy & Its Potential Impact

Amidst the market euphoria, a serious legal dispute arose. Philip Banks, the creator of the character Chill Guy, stated that the character has registered copyright and confirmed that he will take legal action against unauthorized commercial use, including on merchandise and other for-profit projects. This legal dispute could be a major determinant of $CHILLGUY’s future, as the project’s sustainability depends on securing the rights to the core character.

Important Lessons from the Meme Coin Trend

The Chill Guy phenomenon is not the first case in the crypto world. Tokens like Floki (FLOKI) and Peanut the Squirrel (PNUT) have also experienced rapid price spikes thanks to community hype and virality on social media. However, investors are reminded that meme coins are instruments with extreme volatility and very high risk-their legality and fundamentals should always be carefully checked before deciding to buy.

Also Read: $2 Billion Fresh Money Injection, Bitcoin Ready to Fly Again? Analyst: Big Crypto Rally Signals!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinMarketCap. Chill Guy Meme Coin Surges 50% to $461 Million Amid Legal Dispute Over Intellectual Property. Accessed July 17, 2025.