If you’ve been on social media recently, you have probably seen at least one of two popular images remade in the anime style. This was thanks to a new image generator on ChatGPT, which was very good at replicating that particular style. As usual, memecoiners were quick to capitalize on the trend, with the GHIBLI token pumping quickly.
On Friday, March 28, the Giblification (GHIBLI) token reached a market cap of $40 million, following the latest trend in AI-generated images. The token, which has since corrected to $0.02507 and a $25.07 million market cap, capitalized on the latest release of Sora.
ChatGPT users discovered that the update, rolled out on March 25, improved the model’s ability to replicate the art style of various animation studios.
The trend that started picking up was replicating the Studio Ghibli style, a popular Japanese animation studio behind popular films such as Spirited Away and My Neighbor Toro.
Solana Tokens Like Ghibli Capitalize on Trends
Following the new Sora release, users have started making humorous images with the generator. Many of these references are popular memes and even touch on political themes. As a response to the trend, OpenAI CEO Sam Altman revealed that people had made his own image into a Ghibli-style drawing, which he used as his profile picture.
Still, arguably the most impressive attempt was the remake of the Lord of the Rings trailer in Studio Ghibli style. The user revealed that they screenshotted 102 shorts from the trailer, input them into OpenAI’s Sora model, and then animated them with other AI models. The user claimed they spent $250 in credits for the final result.
Memecoin launchers are quick to capitalize on any trend like these. They typically launch these tokens on Pump.fun, a Solana-based platform for easy meme coin launching. This makes the process cost-effective, enabling creators to launch at scale.
However, traders should exercise caution when trading these types of coins. One notable example was the Squid Game (SQUID) token. It briefly reached an ATH of $2,861.80 on November 1, 2021, at a market cap of over $2 trillion. It had since collapsed to $0.0001583, following a likely rug pull.
READ MORE: Meme Coins Gain Momentum With Market Cap Reaching $60B
