A new wave of meme coin speculation has erupted on Solana (SOL/USD) following the debut of ChatGPT's latest AI image generation feature.

What Happened: In an X post on March 25, Sam Altman announced ChatGPT-4o's enhanced AI image generation capabilities.

The new feature sparked widespread excitement, with users comparing the AI-generated visuals to the distinctive art style of Studio Ghibli.

The Studio is a Japanese animation studio with an expansive portfolio to include short subjects, television commercials and some television films.

Ghibli Got Memecoin-ED

Traders quickly capitalized on the trend, launching multiple Ghibli-themed meme coins on Solana.

The biggest gainer, Ghiblification (GHIBLI), currently at a $17 million market cap, surged to as high as 35,000% within hours.

The frenzy was so intense that exchange CoinEx Global listed GHIBLI almost immediately, enabling trading against USDT.

Also Read: Kanye West, Elon Musk Or Joe Rogan? Here’s Who’s Next In Line To Launch A Crypto Coin, According to Kalshi Traders

Elon Musk Sparks DOGE Speculation

Celebrities like Elon Musk, Ripple Executive David Schwartz and Sam Altman joined the AI art craze and created Ghibli style images for themselves. Elon Musk posted a playful image of himself as a monkey holding the Dogecoin mascot.

Theme of the day pic.twitter.com/2ioG0StAxL

Musk's involvement has reignited DOGE speculation, as he has a history of pumping dog-themed meme coins through cryptic social media posts. ⁠

Crypto Twitter is buzzing with rumors of another Dogecoin (DOGE/USD) rally. At the time of writing, DOGE is down 3.9%.

Crypto Twitter Reactions

Crypto trader Gudmansachs hopes Ghibli rallies to a $100 million valuation, calling it a "severely needed" catalyst for the market.

Ghibli to $100mil mcap pls we severely need it

— Goodman (crypto trader) Sachs (@Gudmansachs) March 26, 2024

Trader Ivan on Tech compared Solana's version of GHIBLI with others, highlighting that the Solana meme coin holders grew to 20,000 in a day.

Seeing a lot of Ghibli meme coins pop up today. Here’s a snapshot of the action:

Solana: Ghiblification (GHIBLI) is currently the biggest gainer with +35,000% within hours. It's already at a $17M mcap and exchange CoinEx Global listed it almost immediately.

DeFi protocols are also joining in. 🔥pic.twitter.com/8Y8371779w

— Ivan on Tech (@IvanOnTech) March 25, 2024