Meme Coin Based on Ghibli Soars 35,000% with Musk and Ripple Leaders Hopping on the Bandwagon

Over the past day, memecoins inspired by Studio Ghibli on the Solana blockchain have gained popularity due to a surge of Ghibli-style images shared by ChatGPT users on social media platforms.

On March 25, OpenAI introduced image generation for its ChatGPT-4 model, leading users to create artwork in the distinctive style of Studio Ghibli, renowned for its popular anime films such as Spirited Away and My Neighbor Totoro.

OpenAI CEO Sam Altman unveiled the update by sharing a Ghibli-style image of himself and his team. He referred to the release as "a new high-water mark" for creative freedom, acknowledging that users might generate both inspiring and potentially contentious content with the tool.

Soon after, tech mogul Elon Musk and the owner of a rival AI company, Grok, joined the trend by sharing an image of himself as a monkey holding the DOGE mascot. The billionaire entrepreneur, with over 219.7 million followers on X, has a history of boosting DOGE through his social media posts.

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Ripple executives David Schwartz and Brad Garlinghouse also shared a portrait generated by the model.

The involvement of these prominent figures in the Ghibli trend didn't explicitly mention any specific memecoins. However, the excitement has resulted in the creation of around 30 Ghibli-themed tokens on Solana, according to DEX Screener.

The most significant one so far, Ghiblification (GHIBLI), has achieved a market cap of $21.1 million just 20 hours after its launch.

At the time of writing, it was trading at $0.02114, representing an increase of roughly 35,000% since it first became available. Earlier, it even secured a listing on the centralized exchange CoinEx Global.

Several traders who invested in Ghibli-themed tokens have shared their experiences on X, with some reporting profits of up to $26,000 and planning celebrations, while others expressed remorse over selling too soon and missing out on larger gains.

In a March 26 X post, trader Sachs expressed hope that the memecoin "runs to $100M to bring some hopes into these markets."

At the time of writing, memecoins collectively hold a market cap of over $60 billion. On Dec. 8 last year, the total memecoin market cap reached a peak of $137 billion. Since then, it has decreased by more than 56%.

However, a recent Truth Social post from President Donald Trump regarding Official Trump, a memecoin launched by the president himself, appears to have rekindled interest in the market. Over the past week, several tokens have reported significant rallies.