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The cryptocurrency market approached a $3.6 trillion valuation, buoyed by $252 billion in inflows since the recent market crash. BlackRock's Ethereum ETF achieved a record 16-day buying spree, accumulating $1.5 billion in net inflows, while XRP and BNB saw price rebounds amid positive investor sentiment. In related news, MicroStrategy's potential inclusion in the NASDAQ-100 could drive significant demand for its shares, and BiT Global has filed a lawsuit against Coinbase over the delisting of Wrapped Bitcoin, alleging antitrust practices.
CHILLGUY, a Solana-based meme coin, plummeted 45% in 30 minutes due to unresolved IP disputes and a hacked account of its creator, Philip Banks. Although a licensing agreement was reached, conflicting messages from Banks' compromised account led to market confusion and a swift sell-off. The incident underscores the volatility and risks associated with meme coin investments, prompting calls for greater transparency within the community.
A hacker spread false news claiming that Philip Banks, creator of the "Just a Chill Guy" meme, had licensed his intellectual property to the Solana-based CHILLGUY meme coin, causing its value to surge by 22%. However, the announcement was quickly debunked, leading to a 25% drop in the token's value within 30 minutes. Banks later clarified that the posts were fraudulent and vowed to take legal action against those profiting from his art.
Speculation has arisen that Philip Banks' account may have been compromised after an unexpected tweet announced the granting of IP rights to the CHILLGUY token team. The tweet led to a 30% surge in the token's value, which was quickly erased amid concerns over the account's security. Confusion grew as Banks shifted from planning takedowns for unauthorized uses of the CHILLGUY character to granting rights to the token team.
Philip Banks
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
chillguy creator faces scrutiny after controversial ip rights announcement
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23:40 13.12.2024
chillguy token value plummets amid ip dispute and account hack
19:59 13.12.2024
meme coin value crashes after creator's accounts hacked in hoax announcement
19:03 13.12.2024
ChillGuy creator's account may be compromised amid IP rights controversy
00:11 13.12.2024
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