The $CHILLGUY meme coin experienced a significant surge of 50% in just 24 hours, reaching a staggering market capitalization of $461 million. This token is based on the viral 'Chill Guy' character, a laid-back dog depicted in casual attire.
However, the creator of the character, Phillip Banks, is considering legal action due to the unauthorized use of his creation. Despite this, an early investor managed to turn a modest $1,000 investment into a remarkable $1 million.
Initial excitement was marred by a price drop of 54% following Banks' legal threats, creating uncertainty around the token's future.
