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'Trillions' Meme Coin Surges to $60 Million Market Cap on Stablecoin Community Plasma – Decrypt
Briefly
Stablecoin community Plasma has meme cash now after coming into “mainnet beta” final week.
The Trillions token hit a $60 million market cap on Sunday, earlier than falling sharply.
It references a meme on the basis of the Plasma thesis, predicting the whole stablecoin market cap to be within the trillions of {dollars}.
A meme coin deployed on the Plasma stablecoin community peaked at a $60 million market capitalization on Sunday. It follows Plasma hitting “mainnet beta” final week, attracting $5.5 billion in complete worth locked, and its XPL token hovering to a $2.3 billion market cap.The Trillions token relies on a meme on the core of the Plasma thesis, with the challenge referencing it as early as December 2024. Nevertheless, it wasn’t till February 2025 that the meme took off each internally and externally, a Plasma consultant advised Decrypt earlier than the community hit mainnet.White Home AI and Crypto Czar David Sacks mentioned that stablecoins may create “trillions of {dollars} of demand for U.S. treasuries,” as a result of tokens typically buying treasuries for his or her reserves. Plasma merely reposted this clip in February saying “trillions,” and it went viral regardless of the community having a small following on the time. A meme was born.Plasma is a layer-1 community that’s optimized for stablecoin transactions, resembling gasless USDT transfers. Nevertheless, it's nonetheless a permissionless blockchain, that means that anybody can construct on prime of it. And, with its “mainnet beta” launch being an obvious success, crypto degens have flocked to the stablecoin community to commerce meme cash.And it’s not solely the Trillions token that has hit a market cap within the thousands and thousands: different Plasma meme cash like Bankless, dog-themed coin Luna, and a Pepe clone have additionally soared. It seems that most of those cash are being created on the multi-chain launchpad, DyorSwap.Regardless of the meme coin buzz, Plasma declined to remark because the challenge doesn't endorse meme cash on the chain. Nevertheless, a Plasma consultant beforehand defined to Decrypt how the trillions meme originated and developed.Following Sacks saying “trillions” and the Plasma submit going viral, the corporate determined to embrace the meme. It turned a method for Plasma staff to log out social media posts and hype one another up—akin to the Milady cult signing off posts with “Milady.”The trillions meme later developed to additionally embody “pre-trillions,” a Plasma consultant beforehand defined, as a nod to the pre-rich meme that had taken over the crypto group. When Plasma entered mainnet beta final week, customers celebrating their XPL airdrop on social media adopted the “trillions” kicker. That very same day, the Trillions meme coin was created, effervescent beneath a $10 million market cap earlier than exploding to $60 million on Sunday. It has since plunged to an $18 million market cap, in keeping with DEX Screener.
XPL, Plasma, with an sudden airdrop of 5 figs to discord group members
Launching earlier than MegaETH and Monad
Trillions
— Loopify 🧙♂️ (@Loopifyyy) September 18, 2025Such a market cap is notable within the present meme coin panorama, with exercise within the Solana trenches hitting a six-month low. It comes as crypto merchants look to extremely leveraged perp futures bets to feed their style for degenerate trades.Jokes apart, Plasma believes that the stablecoin business will develop to be value trillions of {dollars}, and hopes to host a large chunk of that. Lower than every week after its debut, per DefiLlama, Plasma is the fifth-largest community for stablecoins forward of the likes of Hyperliquid, Aptos, and Base. On the time of writing, in keeping with DefiLlama, the whole stablecoin market cap is $297 billion, that means a 236% enhance is required for a trillion-dollar valuation to be achieved.Day by day Debrief NewsletterStart daily with the highest information tales proper now, plus authentic options, a podcast, movies and extra.