The market reacted nearly right away after the White House uploaded a pixel-style picture of Donald Trump on X early this morning
A meme currency named $PIXEL came out soon after and shot up to 72 times its original value (from $0.0000209 to $0.001521). Since then, it has cooled down and is now about 29x.
The ripple effect is even more interesting. Many global X accounts rapidly jumped on the bandwagon and posted their own pixel-style photographs, which added to the story and gave it additional momentum.
Within hours, a single picture transformed into a huge memecoin wave.