What are doubloons and why are they trending on TikTok?

If you’re on TikTok, you’ve probably come across a cat on your For You page. The cat seems to be hijacking the short video sharing platform, which confuses the user. By following the cat, you become part of the doubloon trend.

TikTok already has a huge list of bizarre challenges and trends that have gone viral around the world over the years. Doubloon currency is the latest trend that has exploded on the platform and many users are now wondering how it works. Read on to find out.

What are doubloons on TikTok?

Historically, the doubloon is an ancient Spanish currency. The currency featured double-sided gold coins associated with lost treasure and sunken pirate ships. The term was first used in 1622 and was made famous by the Pirates of the Caribbean film franchise. However, the new trend has nothing to do with the Spanish coins.

The current doubloon craze arises from a digital currency that is widely used on TikTok. The digital currency can be used to buy various items including soup, coats, blankets, salad and even services. Many social media users have pointed out that inflation has spiked due to the use of doubloons.

The coins can be stored in a virtual bank; However, people are worried about the rising value of the currency. It’s not yet clear how the trend started, but it’s now gone viral and has been a part of several memes across the internet.

The doubloon cat explained

A cat has now become the face of digital currency, appearing on almost every “For You” page. The cat stretches out its paws while offering the user a number of doubloons. You have to follow the cat’s instructions if you want to earn more money.

The cat decides how much the item you want to buy is worth. It indicates the number with its paws. Also, the cost is unlimited and fluctuates based on demand.

With more and more people joining the trend, the number of doubloons in circulation has increased significantly, which means their value could drop in the coming days. Many users have also fallen for a scam that promises you infinite doubloons.

What is the value of a doubloon?

Coin Market Cap listed Dubloon as a cryptocurrency with a coin value of $0.000478. The platform also says that as of November 22, there were 4,845,824 DBL coins in circulation. However, as the currency has gone viral, expect these numbers to change soon.

Meanwhile, some people are still confused about the trend. “I thought everyone was joking about doubloons and just making pirate jokes, I didn’t know you actually got them from a game, I’m so confused,” wrote one user.

Another tweeted: “why is there a tiktok trend of a cat giving away and selling things for doubloons, why does it put people in doubloon debt, why are there thieves stealing doubloons, where does the doubloon cat come from and how did it come about?” already so big.”

Have you encountered doubloons yet? Let us know in the comments section.

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