The launch of the GHIBLI memecoin has stirred excitement within the crypto community. Despite its volatility, many anticipate further growth.
Launch of GHIBLI Memecoin
Immediately after its launch, GHIBLI became a trending topic due to its association with OpenAI's ChatGPT-40. Notable figures such as Michael Saylor and Elon Musk promoted the trend. Riding this wave of popularity, enthusiasts quickly created the GHIBLI memecoin, catching the attention of the crypto community and inducing significant market fluctuations.
Rises and Falls of GHIBLI
Only a few days after its release, GHIBLI saw a surge of 45% in its price, reaching a market capitalization of $27.5 million. However, the token soon plunged by 50%. Based on the Solana blockchain, the project also faced speculations of possible market manipulation.
Impact on Crypto Markets
GHIBLI and similar tokens quickly gained the attention of major crypto exchanges such as Gate.io and BingX. However, investors are cautioned about the project's extreme volatility. GHIBLI achieved an intraday trading volume exceeding $85 million, surpassing even top altcoins like Ethereum in transaction numbers.
Memecoins are once again in the limelight in the crypto world, but their rise is mainly driven by trends and media hype. The high volatility associated with these coins poses risks, prompting investors to conduct thorough research before making investments.
