Meme coin inspired by Fortnite’s in-game crypto ‘Dill Bits’ plunges over 90%

The popular battle royale game Fortnite recently added fake crypto in-game as a joke to poke fun at the cryptocurrency industry. However, crypto degens took it seriously and launched a meme coin named ‘$DB,’ on Solana which soared to a market cap of $4.78 million. $DB immediately crashed and currently sits at a market cap of $366k.

Fortnite added fake in-game crypto called Dill Bits to the game in Chapter 6, Season 2, which is used to purchase high-tier loot at the game’s Black Market. Players can obtain Dill Bits by breaking into vaults spread across the map. 

It is more of a nod to real-world dark web marketplaces and their association with cryptocurrencies like Bitcoin and Ethereum. The official description of this in-game coin suggests that it is a “confusing crypto coin you never knew you needed.”

Along with that, Fortnite also added guns named “Pump and Dump,” which is a reference to the common market movement in scam crypto meme coins.

After seeing the Fortnite team acting witty about crypto, someone created a real DB (Dill Bits) token and launched it on Pump.fun. Of course, it’s just a meme coin and has no reference to the original creator of Fortnite, Epic Games. 

Pump.fun allows anyone to create a meme coin with just a few clicks. However, given the viral potential of Fortnite, it did not take long for the meme coin (DB) to gain attention and pump. After 24 hours of creation, the meme coin had already pumped to a market cap of $4.78 million. 

Crypto traders were also quick to promote it on Twitter. One trader wrote, “DillBits $DB is probably the best narrative the memecoin space has seen in the past few months” 

According to DexScreener data, the top three traders who bought $DB made profits of $69.7k, $61.1k, and $48.1k, respectively, as the token graduated from Pump.fun. In fact, the top trader had bought $7,745 worth of Dill Bits right after it graduated. 

However, ironically, Fortnite’s “pump and dump” gag manifested itself into reality, as the $DB meme coin quickly dumped after its initial pump to $4.78 million. It is currently down by over 90%, as the market cap sits at roughly $366k at press time.

This is not the first Fortnite-themed meme coin to go mainstream on crypto Twitter. Degens created a large number of meme coins dedicated to Fortnite skins, weapons, and Fortnite during the gen-z TikTok meta, during which $ChillGuy gained prominence. Among these was $JONESY, in reference to the default Fortnite character, which gained a market cap of $5.32 million despite bad launch timing. 

Despite that initial pump, $JONESY is currently down by over 99% from its all-time high. At press time, it is sitting at a market cap of a mere $27k. 

However, 360noscope420blazeit (MLG) was perhaps the most notable of all gaming-themed meme coins. It was created in reference to the early Call of Duty games and COD esports scene. Surprisingly, MLG had achieved a market cap of $238 earlier in February. Due to the overall market’s pressures, it currently sits at a market cap of $9.1 million.

Due to this, the peak market cap of $4.78 million is too low for a coin like Dill Bits. However, the meme coin market appears to be rather dry after the $LIBRA fiasco, which caused a big shock to the crypto market and wiped out $4.4 billion in liquidity. 

Due to the $LIBRA scandal involving the Argentinian president and other prominent politicians, the overall crypto market faced severe losses. Solana dipped to its lowest point of $132 in 2025 on Wednesday, while Bitcoin fell below $86,000 on Wednesday. Since the overall market is red, Degens are willing to bet their funds on gaming-related meme coins for the long term. 

Solana dips to its lowest price point since October

Solana’s price has fallen by over 50% from its all-time high due to a slowdown in trading activity on the network. At one point on Tuesday, Solana was trading at $132, but then it slightly rebounded to $139 and fell to $132 again at press time. 

Trading volumes on Solana DEXs generally fell to $2.61 billion, as meme coin traders are more cautious than ever due to recent high-profile rugs and scandals. Before this, meme coin trading was a significant source of activity on the network. 

Solana is facing heavy sell pressure despite the fact that major fund issuers have filed applications for ETFs with the SEC. These include Franklin Templeton Grayscale, 21Sahres, VanEck, Canary, and Bitwise. 

NEW: @EricBalchunas and I took a look at the filings for spot crypto ETFs. We're putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now.

Here's the table with the odds and some other details: pic.twitter.com/xaXaNXLb0M

— James Seyffart (@JSeyff) February 10, 2025

According to ETF Analysts Eric Balchunas and James Seyffart, there is a 70% chance that these Solana ETFs will get approved by the SEC. 

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