Inside hours, social media platforms had been stuffed with AI-generated pictures resembling classics like Spirited Away and My Neighbor Totoro. This wave of AI artwork shortly caught the eye of the crypto neighborhood.
Notably, OpenAI CEO Sam Altman and billionaire Elon Musk joined the development by sharing Ghibli-style portraits of themselves. Whereas neither talked about any memecoins, Musk’s historical past of influencing memecoin traits added gasoline to the joy.
The largest winner to this point is Ghiblification (GHIBLI), a Solana-based token, which hit a $20.8 million market cap inside its first 19 hours, in accordance with DEX Screener. GHIBLI is buying and selling at $0.02083, marking an unbelievable 39,000% worth soar.
For the reason that AI development started, not less than 20 different Ghibli-inspired tokens have been launched. Some merchants consider this might sign a revival for the struggling memecoin market, which has misplaced greater than half its worth since December.
Crypto dealer Sachs commented on X, hoping GHIBLI may hit $100 million, saying the market “severely wanted” a spark.
This comes after related previous traits, such because the CHILLGUY token, which peaked at $643 million final yr earlier than dropping 95% of its worth, a sample frequent in high-risk crypto investments.
Nonetheless, specialists warn that meme-based tokens usually carry excessive dangers attributable to their quick and unpredictable worth swings.