Studio Ghibli Meme Coin Frenzy Worsens Solana Congestion, But Layer 2 Solaxy Offers Relief As ICO Smashes $28 Million

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A Studio Ghibli meme coin frenzy erupted on Solana.
A Studio Ghibli meme coin frenzy erupted on Solana.

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An investor frenzy has erupted around Studio Ghibli-inspired meme coins on Solana, adding to the blockchain’s already-high levels of congestion.

The popularity around Ghibli-themed meme coins comes after OpenAI announced the launch of an image generation functionality for the company’s ChatGPT-4o model yesterday. 

Following the activation of the feature, social media platforms were flooded with images in the art style of Studio Ghibli — known for its anime films “Spirited Away” and “My Neighbor Totoro.” 

Elon Musk and Sam Altman

Tech Giants Hop On The Studio Ghibli Trend

OpenAI CEO Sam Altman posted a Ghibli-style image of his own on X and the platform’s owner and tech billionaire Elon Musk followed suit.

In his post, Musk posted an image of his head on Lion King’s Rafiki holding a Shiba Inu dog.

Ripple Labs executives David Schwartz (CTO) and Brad Garlinghouse (CEO) also contributed to the trend, posting a picture of the two of them side-by-side.

Studio Ghibli Meme Coins Surge, Risking Worse Solana Congestion

The hype around Ghibli-inspired meme coins comes at a time when the Solana network is already facing extreme levels of congestion, testing the blockchain’s computational limits.

Most of the new Ghibli tokens launched on Solana, but the frenzy has also spread to Ethereum, with developers rolling out similar themed coins on the network.

But relief is on the way for Solana thanks to layer 2 project Solaxy (SOLX).

Solaxy is the first layer 2 solution for the Solana ecosystem. Through scaling protocols called rollups, the project will process and bundle transactions off of the Solana mainnet and on its own sidechain.

It will only call on the Solana blockchain for final validation once it has batched the transactions. 

Solaxy’s approach to transaction processing is similar to that used by Arbitrum and Optimism in the Ethereum ecosystem, and is a proven way to help a layer 1 blockchain scale. 

In addition to scaling Solana, Solaxy will also bridge the blockchain with the Ethereum ecosystem to create a new Web3 infrastructure capable of meeting the growing demands of developers. 

Solaxy Presale Smashes Past $28.1M As Investors Bet Big On SOLX’s Future

Investors have poured more than $28.1 million into Solaxy’s presale, signaling strong market demand for what the project has to offer. Indeed, the project is arguably the most successful presale of the year thus far. 

Crypto analyst and YouTuber Jacob Bury, who has over 55.7K subscribers, says SOLX has the potential to surge 10X after launch.

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