The CHILLGUY meme coin, based on a popular cartoon character, experienced a rollercoaster ride of events. Initially, it seemed like a peaceful resolution was reached between the coin's team and the cartoon creator, allowing for licensing of the intellectual property. This news caused the token's value to surge. However, it was soon revealed to be a hoax orchestrated by a hacker, leading to a significant drop in the token's value. The creator, Philip Banks, disavowed any involvement in crypto and condemned the hack. The situation highlighted the volatile nature of meme coins and the risks associated with unauthorized inspirations. Despite the chaos, the crypto community witnessed the drama unfold, showcasing the unpredictable and sometimes deceptive aspects of the industry. Read more AI-generated news on: https://app.chaingpt.org/news