Memecoins inspired by Studio Ghibli are experiencing a significant rise in popularity, as users of an AI tool have taken to social media in the last 24 hours to share images reminiscent of the iconic animation studio.
On March 25, a new image generation feature was introduced for an advanced version of the AI model, prompting users to create and share Ghibli-style artwork, celebrated for beloved films like Spirited Away and My Neighbor Totoro.
The trend was further fueled by high-profile figures like a tech CEO and a well-known entrepreneur, who shared portraits of themselves created by the AI. The entrepreneur, boasting over 219 million followers on a popular social platform, has a track record of impacting the value of memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE) through his posts.
The tech CEO shared a Studio Ghibli-inspired image when announcing the new AI feature.
Though neither mentioned any Ghibli-themed memecoin, the largest related token, Ghiblification (GHIBLI), has achieved a market cap of $20.80 million shortly after launch. It debuted approximately 19 hours ago, according to tracking sources.
As of the latest update, it is trading at $0.02083, reflecting an astonishing increase of about 39,010% since its inception.
The Solana-based memecoin Ghibli has nearly skyrocketed 40,000% since its launch.
At least 20 additional Ghibli-themed memecoins have emerged since then. Some traders view this trend as a potential revival for the memecoin market, which has seen a 57% decrease in value since December 8—just days after Bitcoin first reached the $100,000 mark.
A crypto trader expressed hopes on social media that this memecoin could reach a market cap of $100 million to instill some optimism in the market.
“This is very much needed,” he added.
Related: The $100B memecoin market meets AI-driven intelligence for smarter trading
This surge follows a trend where memecoins often originate from popular cultural references and events. For instance, the CHILLGUY token launched on November 15 on the Solana blockchain, gaining traction from a viral meme that spread across social media.
CHILLGUY’s value peaked at a market capitalization of $643 million by November 27, but investing in memecoins linked to fleeting trends carries considerable risk. Currently, CHILLGUY is down 95% from its November highs, according to market data.
Magazine: Insights from an Ex-Alameda hire on the pressures faced by exchanges.
This article does not serve as investment advice or recommendations. Every investment and trading decision carries risks, and readers are encouraged to conduct thorough research before making choices.