Could “Just a Chill Guy Coin” Be an Unregistered Security?

RoseMerry

Well-known member
Came across this meme token – "Just a Chill Guy Coin." Lighthearted branding, but its tokenomics include revenue sharing and influencer promotion.
Any precedent for similar tokens being flagged by regulators?
Trying to build a mental checklist for red flags in token launches.
Would love a legal take from anyone tracking Howey test interpretations.
 
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