Ghibli Token (GHIBLI) Surges 44% After Rapid Exchange Listings Following Viral AI Art Trend

The Ghiblification token (GHIBLI), drawing inspiration from the viral AI art trend imitating Studio Ghibli’s style, has rapidly secured listings on several cryptocurrency exchanges shortly after its launch.

Emerging amidst a broader wave of similar tokens within the crypto market, GHIBLI managed to capture significant attention despite its very recent inception, being only a couple of days old at the time of initial reports.

Rapid Exchange Adoption

Several trading platforms moved quickly to list the token:

• Gate.io included GHIBLI in its Startup section, an area designated for high-potential, early-stage projects. Trading for the GHIBLI/USDT pair commenced on March 28th.
• BingX introduced the token within its Innovation Zone. However, the platform issued a warning to traders about the potential for significant price fluctuations commonly seen with new listings.
• Furthermore, GHIBLI was noted on Binance Alpha.
• Meanwhile, OXFUN adopted a more aggressive stance by enabling leverage trading up to 5x. This allows traders to amplify their positions, albeit with a correspondingly higher level of risk. The exchange reported notable activity for the meme coin.
• Other platforms including HTX, AscendEX, and CoinEx also followed suit, listing GHIBLI between March 27th and March 28th.

Market Impact and Price Action

This influx of exchange support fueled significant trading activity. Consequently, GHIBLI’s price experienced a surge of approximately 44.4% within the preceding 24-hour period, according to data available at the time. At the time of reporting, the token was trading around $0.031, achieving a market capitalization estimated at $31.55 million.

Connection to AI Art Trend

The ascent of GHIBLI is intrinsically linked to the popular trend of AI-generated art mimicking the distinctive style of Studio Ghibli. This trend gained considerable traction following updates in AI image generation models like OpenAI’s GPT-4, which empowered users to create such visuals more easily.

The Ghibli-style AI art phenomenon exploded across social media platforms, capturing the attention of prominent figures. Elon Musk shared an image on X (formerly Twitter), incorporating a reference to Dogecoin in a playful take inspired by “The Lion King,” while Michael Saylor utilized the aesthetic to reinforce his pro-Bitcoin stance.

Future Outlook

While GHIBLI is currently riding this wave of popularity driven by the art trend, its long-term momentum remains uncertain. It is yet to be seen whether the hype surrounding the AI art trend can sustain its market presence or if it will fade, similar to the trajectory observed with previous meme coin cycles.