Despite its success, Chill Guy faces legal issues.
Its creator reportedly plans to take action against unauthorized commercial use of the character.
TikTok
A cryptocurrency based on a viral TikTok
meme recently experienced a meteoric rise. This Solana-based meme coin, Chill Guy, reportedly went from a modest $10 million market cap to $500 million in just a few days. At the time of writing, the token traded for $0.3682 on CoinGecko, with a market capitalization of
$368 million.
Just a Chill Guy
Chill Guy, inspired by a TikTok meme of a laid-back
anthropomorphic character, has taken the crypto world by storm. The meme
resonated with Gen Z on TikTok, celebrating resilience in the face of life’s
challenges.
As the meme gained traction, the token tied to its
likeness skyrocketed in value, creating a whirlwind of speculation, Decrypt
reported. One fortunate trader, with just over $1,000 invested, reportedly
cashed out over $400,000 while still holding tokens worth more than $600,000.
Their unrealized gains reportedly crossed the
million-dollar mark. However, these paper profits remain at risk in the
notoriously unpredictable meme coin market. The surging popularity of Chill Guy highlighted that TikTok, traditionally not a crypto-centric platform, could be drawing a new
audience into the space.
Source: CoinGecko
MoonPay, a major Solana on-ramp service, reportedly
registered its single largest day of transactions during Chill Guy’s peak,
further fueling speculation that social media trends are driving fresh interest
in cryptocurrencies.
Legal Trouble
Despite its financial success, the cryptocurrency is facing emerging legal challenges. Phillip Banks, the creator of the Chill
Guy character, has expressed displeasure with the token.
Banks, who copyrighted the character, plans to issue
takedown notices for any unauthorized profit-driven use of his creation,
including merchandise and crypto tokens, Coindesk reported. This development
has reportedly caused Chill Guy’s value to drop nearly 50% from its peak.
Interestingly, a
recent crypto rally caused excitement around meme coins. Such tokens tied to
the top cryptocurrency, including PUPS, DOG•GO•TO•THE•MOON, and
BILLION•DOLLAR•CAT, posted significant gains.
According to CoinGecko data, some of these tokens recently
registered significant gains on the daily chart, for instance, CYPHER•GENESIS
(CYPHER), which jumped 50%. The growing interest in Bitcoin-based meme coins
came amid a shift in the underlying infrastructure.
Memecoins have become a speculative asset class when there
is low volatility in more established crypto sectors. With Bitcoin recently
hitting new highs, crypto users are shifting to meme coins to gain exposure to
Bitcoin without directly owning the asset.
A cryptocurrency based on a viral TikTok
meme recently experienced a meteoric rise. This Solana-based meme coin, Chill Guy, reportedly went from a modest $10 million market cap to $500 million in just a few days. At the time of writing, the token traded for $0.3682 on CoinGecko, with a market capitalization of
$368 million.
Just a Chill Guy
Chill Guy, inspired by a TikTok meme of a laid-back
anthropomorphic character, has taken the crypto world by storm. The meme
resonated with Gen Z on TikTok, celebrating resilience in the face of life’s
challenges.
As the meme gained traction, the token tied to its
likeness skyrocketed in value, creating a whirlwind of speculation, Decrypt
reported. One fortunate trader, with just over $1,000 invested, reportedly
cashed out over $400,000 while still holding tokens worth more than $600,000.
Their unrealized gains reportedly crossed the
million-dollar mark. However, these paper profits remain at risk in the
notoriously unpredictable meme coin market. The surging popularity of Chill Guy highlighted that TikTok, traditionally not a crypto-centric platform, could be drawing a new
audience into the space.
Source: CoinGecko
MoonPay, a major Solana on-ramp service, reportedly
registered its single largest day of transactions during Chill Guy’s peak,
further fueling speculation that social media trends are driving fresh interest
in cryptocurrencies.
Legal Trouble
Despite its financial success, the cryptocurrency is facing emerging legal challenges. Phillip Banks, the creator of the Chill
Guy character, has expressed displeasure with the token.
Banks, who copyrighted the character, plans to issue
takedown notices for any unauthorized profit-driven use of his creation,
including merchandise and crypto tokens, Coindesk reported. This development
has reportedly caused Chill Guy’s value to drop nearly 50% from its peak.
Interestingly, a
recent crypto rally caused excitement around meme coins. Such tokens tied to
the top cryptocurrency, including PUPS, DOG•GO•TO•THE•MOON, and
BILLION•DOLLAR•CAT, posted significant gains.
According to CoinGecko data, some of these tokens recently
registered significant gains on the daily chart, for instance, CYPHER•GENESIS
(CYPHER), which jumped 50%. The growing interest in Bitcoin-based meme coins
came amid a shift in the underlying infrastructure.
Memecoins have become a speculative asset class when there
is low volatility in more established crypto sectors. With Bitcoin recently
hitting new highs, crypto users are shifting to meme coins to gain exposure to
Bitcoin without directly owning the asset.
Coinbase Enters Prediction Markets as the Amazonification of Financial Platforms Gathers Pace
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
