Solana News: Ghibli-Themed Memecoins Explode in Value on Solana Amid AI Art Trend

In the ever-evolving world of cryptocurrency, trends can emerge and fade in the blink of an eye. Recently, a unique trend has taken the Solana blockchain by storm: Ghibli-themed memecoins. Inspired by the iconic Studio Ghibli animations, these tokens have seen their value skyrocket as AI-generated Ghibli-style images have gone viral on social media.

Ghibli-Themed Memecoins Skyrocket on Solana Amid Viral AI Art Trend

Ghibli-inspired memecoins on Solana are gaining traction as AI-generated Studio Ghibli-style images flood social media. Over the past 24 hours, interest has surged, fueling a rally in related tokens. The leading Ghibli-themed coin, GHIBLI, launched on March 26 and has soared nearly 40,000% in value, reaching a $20.8 million market cap. This explosive growth highlights the power of online trends and AI-driven hype in shaping the crypto market.

Ghibli-themed Memecoin Rallies 35,000% on Solana

Ghibli-inspired memecoins on the Solana blockchain have seen a surge in popularity, rallying 35,000% in the past day. The trend was sparked by ChatGPT users generating Studio Ghibli-style images and sharing them on social media. On March 25, OpenAI launched image generation for its ChatGPT-4 model, prompting users to create artwork in the iconic style of Studio Ghibli, known for films like Spirited Away and My Neighbor Totoro. Tech tycoon Elon Musk and the owner of rival AI company Grok joined in on the trend, further boosting the popularity of the memecoins. While it is unclear which specific Ghibli-themed memecoin saw the 35,000% rally, the surge highlights the influence of social media trends on the cryptocurrency market.

Solana Eyes $300 as Bullish Sentiment Reaches Historic Levels

Solana (SOL) is back in the spotlight as bullish momentum reaches unprecedented levels. Notably, despite struggling since its all-time high of $264 in November 2021, battling market-wide downturns and increased token supply, Optimism is resurging. According to on-chain analytics firm Santiment, institutional adoption and strategic integrations are fueling this renewed confidence. GameStop and BlackRock have launched yield-bearing tokenized treasury funds on Solana, driving massive social media engagement. The combination of technological advantages, institutional interest, community support, and influencer engagement has created an almost unheard-of positive-to-negative sentiment ratio.

Solana Price Drops Amid Hyperliquid Liquidation and Memecoin Chaos

The price of Solana (SOL) briefly rallied over the weekend, reaching $146 on Monday, its highest point since early March. However, by the afternoon, the price had fallen sharply to $137. Speculation suggests that this drop was partially triggered by a chaotic memecoin event involving JELLYJELLY, a thinly-traded token tied to the Jelly-My-Jelly video app. A trader opened a massive $6 million short position on JELLYJELLY and deliberately pumped its onchain price, leading to a liquidation that may have contributed to market uncertainty.