ChillGuy creator posted that he will grant the IP to the Token team, triggering speculation that his X account was hacked

PANews reported on December 13th that Philip Banks, the creator of the Meme token ChillGuy, announced in a tweet that he will grant intellectual property (IP) to the CHILLGUYToken team. Subsequently, speculation arose regarding the hacking of his X account when people associated Banks’s account with the issuance of a new meme featuring his character Philb on Pump.fun. The new token quickly gained popularity, reaching a market capitalization of $1 million before complete dumping. The official X community account of CHILLGUY also expressed confusion: “Philip Banks’ tweet tonight surprised us, as he announced that he has been granted licenses and intellectual property rights. We will continue to seek detailed information. Please stay alert and do not transfer money without verification.” The sudden change in Banks’ stance has left many people confused. They originally intended to take strict measures against the unauthorized ChillGuy character, but now they have authorized the Token team’s intellectual property. Despite the controversy, ChillGuyToken’s market capitalization initially rose by 30% after the announcement of the intellectual property authorization. However, this increase was quickly wiped out.