Fortnite, the widely popular battle royal game announced its new season, following a similar storyline from its previous season, the new season will have a crypto theme. Gaining attraction from its tens of millions of social media followers, Dill Bits (DB), a Solana token inspired by the game’s fictional crypto coin has gained a major price surge. Capturing 4,300% from the game’s rug pull storyline, ‘Is this the next big cryptocurrency on Solana’ is what investors need to know. Let’s find out.
Dill Bits: The Fortnite-Inspired Meme Coin
Dill Bits is a Fortnite game-inspired meme coin on the Solana blockchain, aimed to monetize from the massive fanbase of the crypto-themed game. Combining the strength of community, the excitement of memes, and the potential of crypto, Dill Bits poise to a movement in the crypto industry.
Developed by an anonymous creator following the launch of Fortnite’s in-game season Lawless which includes a character named Big Dill, a rapper, bank robber, and a crypto creator, the coin quickly gained investor’s attention especially the gamers of Fortnite.
Users can get connected on the project’s Telegram and X accounts to get the latest updates. However, being a meme coin with no utility and use cases, it involves significant investment risks.
Dill Bits Market Update
Inspired by Fortnite’s fictional crypto coin, Dill Bits has gained the interest of the game’s large community. From a mere market cap of $17,000, the coin has crossed a massive value of $4.75 million, skyrocketing 43,00% in a few minutes, however, it was short-lived.
The peak market cap aligned with the price of the coin in February, which was $0.0048. With the price surge, the traders cashed out, resulting in a plunge in value. The coin is priced at $0.00075 with a market cap of $75,000 at the time of writing, which is quite a good price compared to the launch price.
What Contributed To The 4,300% Price Surge?
Currently crypto market especially the meme coin market is witnessing a severe downturn. Thriving from the adverse circumstances Dill Bits’ recent price surge is bringing a ray of hope for meme coin enthusiasts. But what drove the momentum, that’s what many ask.
Though inspired by the Fortnite crypto coin, it is not the official coin of the platform. The Epic creator’s recent marketing push, which included the sharing of a faux news report on the Big Dill and the in-game Dill Bits currency that can be collected during the game and used to buy collectibles from the black market, surged the coin price.
In the marketing video, the news host talks about the Dill Bits, saying he launched a meme coin named Dill Bits. The video portrays a man who advises people to spend Dill Bits in the black market, where the host responds by telling them not to buy this coin as it is not advisable to take financial guidance from a pickle.
Being posted on TikTok and Instagram, where Fortnite has millions of followers, the video went viral. Seeing one of the world’s most popular games making fun of the crypto industry, the video gained the attention of crypto enthusiasts resulting in the price hike of Dill Bit.
Is Dill Bit The Next Big Cryptocurrency On Solana?
Meme coins were widely attracted by investors due to the fun, engaging, and community approach driven by the meme characters. Despite speculative assets whose value can decline at any time without a proper reason, the meme culture attracted investors, poising them to make gains from the short-term market.
The meme coin popularity has recently plummeted, with the increased meme coin scams and rugbulls. Coins like Libra and Melania which bagged millions from investors resulted in declined investor sentiment. The Dill Bit hype and its price surge revolve around the Fortnite game, which has a broader fanbase around the world, highlighting the coin’s potential to be the next big cryptocurrency on Solana.
