After today’s viral trend of Studio Ghibli-themed images, Binance Alpha has listed two similar-themed meme coins – Ghiblification (Ghibli) and GhibliCZ (Ghibli).

Ghiblification reached over $35 million in the market today, earlier today, while GhibliCZ hit $14 million. This massive hype has influenced Binance to add the tokens to its pre-listing Alpha platform.

Why are Ghibli Meme Coins Taking Over the Crypto Market?

​Studio Ghibli is trending in the crypto space after OpenAI’s release of its latest image generation feature. Social media users, including celebrities, have been using this feature today to create images in the distinctive style of Studio Ghibli. 

This style is renowned for films like Spirited Away and My Neighbor Totoro. The internet quickly became flooded with AI-generated Ghibli-style images, sparking the creation and rapid appreciation of related meme coins.​ 

Several Ghibli-themed meme coins flooded decentralized exchanges. Ghiblification (GHIBLI) was the first token to take off. The Solana meme coin soared over 50,000% to hit $36 million in market cap. 

GhibliCZ also hit a $14 million cap in hours. However, it was launched on the BNB chain. Ghiblification rallied another 30% following the Binance Alpha listing. According to Dexscreener, the token has more buy orders than sell.

How is Binance Alpha Listing Different? 

​Binance Alpha is a platform within Binance Wallet that spotlights early-stage crypto projects. It generally lists tokens with strong community interest and growth potential.

While some of these tokens may be considered for future listings on the main Binance Exchange, such inclusion is not guaranteed. ​

The primary distinction between a Binance Alpha listing and a regular Binance Exchange listing lies in the level of vetting and the intended purpose. 

“I am probably the last guy to try this. Not going to change my profile pic, as it will put the bluetick into review mode again. And I quite like my current non-ghibli profile pic,” Binance founder CZ wrote after uploading his Ghibli image on X.

Binance Alpha serves as a pre-listing platform. It provides users with access to emerging projects that have not yet undergone the comprehensive due diligence required for a full exchange listing. 

In contrast, tokens listed on the Binance Exchange have completed rigorous evaluations.

It’s important to note that tokens featured on Binance Alpha may pose higher risks and be subject to significant price volatility.

HyperLiquid provided some key updates following yesterday’s JELLY incident, detailing its main takeaways and security upgrades. Although HYPE’s price crashed yesterday, it has been slowly stabilizing today.

However, lingering criticisms remain about HyperLiquid’s actions during the crisis. It responded quickly to non-illegal activities that threatened itself but remained comparatively passive in the face of February’s Bybit hack.

HyperLiquid Responds to JELLY Crisis

HyperLiquid, a popular DEX, is recovering from the aftermath of a major scandal. Yesterday, HyperLiquid delisted JELLY after a short squeeze nearly caused the firm to take $230 million in losses.

This attracted a wave of condemnation from the community, which feared another FTX-style collapse. Today, HyperLiquid posted a response to the situation:

“Yesterday is a good reminder to stay humble, hungry, and focused on what matters: building a better financial system owned by the people. Users with JELLY long positions at the time of settlement will be refunded by the Foundation. This results in all JELLY traders being settled at a price advantageous to them, except flagged addresses,” it claimed.

HyperLiquid also detailed a few security measures that it will take to avoid another incident similar to the JELLY squeeze. For one thing, it implemented more stringent token delistings and open interest caps.

Most importantly, the platform made significant tweaks to its liquidation protocols, putting several guard rails on the main cause of the turmoil.

So far, it’s unclear whether HyperLiquid’s measures will be able to stave off another JELLY incident. If nothing else, HYPE’s rebound today reflects restored community sentiment.

Less than a week ago, HYPE was seeing strong bullish momentum, but yesterday’s events caused a notable crash. However, the altcoin managed to tick back up today, avoiding further losses.

The crypto community has been strongly criticizing how the exchange handles the situation. The concern centers around a simple question: Is Hyperliquid truly a decentralized exchange? Delisting a token and seizing investor funds goes against the central ethos of DeFi.

it seems you believe there needs to be a centralized force that detects and limits malicious behavior. this completely violates the point of defi

— venture anthropologist (@0xBalloonLover) March 27, 2025

ZachXBT, the renowned crypto sleuth, was particularly frustrated by the company’s actions. Months ago, he identified a potential North Korean security breach, which the firm denied.

However, HyperLiquid acted quickly to neutralize the JELLY trades, proving that it has the capacity for that sort of rapid response.

“HyperLiquid has recently seen illicit flows [and] said it’s decentralized, so it cannot do anything. Now, HyperLiquid made a centralized decision to quickly close the position at an arbitrary price for an entity using the protocol as intended. If something like that could be done for JELLY, it likely should have been done for both,” ZachXBT stated.

Ultimately, HyperLiquid has time to reflect and update its strategies from the JELLY incident. Yesterday’s events rattled the whole crypto community, but catastrophe was avoided.

Hopefully, the platform can act in good faith to protect user funds and its decentralized ethos.

Onyxcoin (XCN) has been under heavy selling pressure, dropping more than 11% in the last seven days and over 30% in the past month. Multiple indicators now reflect this sustained weakness, with momentum and trend signals leaning decisively bearish.

The RSI is nearing oversold levels, while the ADX shows the downtrend is gaining strength. Unless buyers step in soon, XCN could face deeper losses before any meaningful recovery attempt takes shape.

Onyxcoin RSI Is Almost Reaching Oversold Levels

Onyxcoin’s Relative Strength Index (RSI) has dropped sharply to 31.63, down from 48.72 just a day earlier. This significant decline brings it closer to the oversold threshold and highlights the growing bearish momentum.

The RSI has now remained below the neutral 50 mark for the past 12 consecutive days, signaling that bearish sentiment has been dominant throughout this period.

This ongoing weakness suggests that sellers continue to control the market, and the latest drop may indicate a deepening of the current downtrend.

The RSI is a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100. Readings above 70 typically suggest an asset is overbought and may be due for a correction, while values below 30 indicate oversold conditions that could lead to a potential rebound.

XCN’s current RSI of 31.63 puts it just above oversold territory, which means a bounce is possible—but far from guaranteed. If bearish pressure persists and the RSI dips below 30, it could signal panic selling or capitulation.

On the other hand, a quick recovery in RSI above 40 could hint at fading selling pressure and the early signs of a trend reversal.

XCN ADX Shows The Downtrend Is Getting Stronger

Onyxcoin Average Directional Index (ADX) has surged to 24.17, up from 12.86 just a day ago, signaling a rapid increase in trend strength.

The ADX measures the intensity of a trend, regardless of its direction, and this sharp rise suggests that the current downtrend is gaining traction.

With XCN’s price already moving lower, the strengthening ADX reinforces the idea that bears are firmly in control, and the downward momentum may continue in the near term.

The ADX operates on a scale from 0 to 100, with readings below 20 typically indicating a weak or non-existent trend. Values between 20 and 25 point to a trend that may be starting to build, while anything above 25 signals a strong, established trend.

XCN’s current ADX at 24.17 is right on the edge of this critical threshold, suggesting that the downtrend is transitioning from early-stage to potentially stronger territory.

If the ADX continues rising above 25 while the price stays in decline, it would confirm that sellers are driving a more powerful move lower, and any bullish reversal attempt could face strong resistance.

Onyxcoin Correction Could Continue

Onyxcoin EMA lines are currently aligned in a bearish formation, suggesting that the downtrend may persist in the short term.

If the bearish momentum continues, XCN could retest the support level at $0.0083, a critical zone that previously acted as a floor.

A breakdown below this level would likely expose the token to further downside, potentially causing it to fall to $0.0051, its lowest price since January 17.

The current EMA structure highlights weakening bullish pressure and increasing vulnerability to additional selling.

However, there’s still a path to recovery if Onyxcoin can regain the strong momentum it showed at the end of January, when it was one of the most talked-about altcoins in the market.

A reversal could take XCN back to test the resistance at $0.014, and a successful breakout above that would signal renewed bullish strength.

If buyers push further, price targets at $0.020 and even $0.026 will become relevant—levels not seen since mid-February.