Sounds like this circulate on soundboards as a shorthand for winning, borrowing the coin and jingle language Nintendo has used in Mario games for decades. Creators pair it with the familiar Mario Jump cue and other arcade effects to build instant game nostalgia without showing any gameplay. Its popularity comes from how clearly it signals success, which is why it spread into casino edits, gacha pulls, loot box openings and ironic reward clips where the win is deliberately much smaller than the sound suggests.