Binance Launches Ghiblification Amidst Growing Market Interest

2 mins mins

Key Points:

Binance’s launch of Ghiblification drives market interest immediately.
Ghiblification reaches a $35 million market cap swiftly.
Trading volume spikes, recording a 494.03% increase.

Binance Alpha has introduced Ghiblification, experiencing rapid market interest, with the launch reported on March 28 via their trading platform.

Announced in Binance’s recent update, Ghiblification quickly captured market interest, echoing past trends in meme coins.

Ghiblification Achieves $35 Million Market Cap

Binance Alpha’s newly launched Ghiblification (Ghibli) is drawing significant attention. Ghiblification, a meme-inspired cryptocurrency, was rapidly listed in the platform’s ecosystem. The launch involved Changpeng Zhao (CZ), Binance’s CEO, indirectly through his leadership in Binance Alpha.

Following the announcement, the market cap for Ghiblification reached $35 million. This marks a significant entry into the competitive arena of meme coins. The 24-hour trading volume for Ghiblification experienced a notable increase, indicating strong investor activity.

Key industry figures such as CZ and Sam Altman expressed optimism, fueling market speculation. Altman’s enthusiasm can be noted in his words: “this was a real labor of love from @gabeeegoooh. congrats gabe; excellent work!”

Additionally, Elon Musk’s social media activity, emphasizing AI-generated Ghibli images, boosted community engagement and interest in the newly launched coin.

Surge in Volume as Speculative Practices Drive Ghiblification

Did you know? Ghiblification’s rapid market cap rise is reminiscent of the surges seen with Dogecoin and Shiba Inu, highlighting the potent influence of internet memes on market movements.

CoinMarketCap data indicates Ghiblification’s market cap at $35.35 million, supported by trading volumes reaching $85.43 million in a 24-hour period. Reflecting a 42.69% gain in the last day, Ghiblification holds a circulating supply of 999.96 million tokens.

ghiblification-daily-chart — Ghiblification(Ghibli), daily chart, screenshot on CoinMarketCap at 01:56 UTC on March 28, 2025. *Source: CoinMarketCap*

Coincu analysts suggest Ghiblification’s rise is fueled by novelty and speculative interest. However, its long-term viability remains under scrutiny, as experts continue to evaluate its potential impact on the broader crypto ecosystem.