Edit to add: A lot of teachers are also trying to be hip and cool. Three times in the past year I have been assigned "tiktok" assignments where I either had to record a tiktok or watch a tiktok. Of course there were other options that I took, but if some kid doesn't have it simply because they don't care, not out of privacy reasons, they'd probably download and start using it regularly after thinking a grade rides on it.
That's another thing: I am 100% serious when I say that my peers are addicted to tiktok. I know people who regularly spend 6+ hours a day just scrolling through it. In fact, I don't know anyone who doesn't spend at least 2 hours daily on it. I don't think any other social media comes close to it in addictiveness. It is literally almost everyone I know, even tangentially.
So to answer your question, I don’t know how it would be appealing, but I think they find it appealing anyway independent of whether we know why, so it’s probably worth revisiting your priors.
Instagram is mostly used by young adults trying to build their social status through a curated (manipulated) image of their lives.
I don't see how it would appeal to children.