Original author: TechFlow
Welcome to the week when XRP woke up.
In the recent market recovery, this "old friend" unexpectedly became the focus.
This weekend, the market's attention was ignited by XRP's amazing performance. This "ancient project" established in 2012 has shown unexpected vitality, with a 24-hour increase of over 30%, and its market capitalization has surpassed Solana, ranking third in the cryptocurrency market capitalization ranking.
For many users in the Chinese community, this market trend may have come as a bit of a surprise.
Due to the limitations of the information cocoon, XRP is often labeled as an "antique" and new entrants often shy away from this "ancient old coin".
However, looking at the global market, XRP's activity is far beyond our perception. On Upbit, the largest exchange in South Korea, XRP has consistently ranked among the top in trading volume; at the same time, as the legal disputes related to Ripple are gradually clarified, this sudden surge in price has to some extent confirmed the global capital's continued optimism about XRP.
What should you do if you missed the XRP price surge?
Currently, the Ripple ecosystem is still relatively weak in areas such as DeFi infrastructure, and related projects may not be the best choice. In comparison, some interesting opportunities have quietly emerged in the ecosystem's meme coins.
For this familiar yet unfamiliar old friend, we have reviewed the meme coins with relatively large trading volumes and summarized the common participation tools, hoping to provide some reference for everyone.
Popular Meme (ranked by trading volume):
First of all, it should be noted that the trading enthusiasm for meme tokens within the XRP ecosystem has been high in the short term.
Dex Screener data shows that the on-chain 24-hour trading volume in this ecosystem has reached over 70M, with 330,000 transactions, which is enough to make one think it's Solana.
In this sentiment, selecting meme coins solely based on market capitalization is not a stable approach. If you look closely at the meme coins in XRP, you'll find that many of the larger market cap ones were created several months or even 1-2 years ago, and may not necessarily have high trading volume now.
Therefore, we have reviewed the hot meme coins based on the trading volume in the last 24 hours, which can provide more timely reference.
$ARMY: The players who hold XRP call themselves an army
Creation time: 1 year ago
Current market cap: 69M
24-hour trading volume: 14.5M
24-hour price: 21%
CA:
rGG3wQ4kUzd7Jnmk1n5NWPZjjut62kCBfC
In terms of market capitalization, ARMY is currently the largest one in the XRP ecosystem.
The corresponding narrative is also relatively simple and straightforward, which is to call on the holders of XRP to form an army (ARMY), we are not a meme, we are an Army; with a bit of fun in the English word endings and a strong sense of CX.
$589: Calling for XRP to rise to 589
Creation time: 1 day ago
Current market cap: 8M
24-hour trading volume: 10M
24-hour price: 160%
CA:
rfcasq9uRbvwcmLFvc4ti3j8Qt1CYCGgHz
It's not about scoring 985, but about rising to 589.
This strange number that looks like the reverse of 985 is actually referring to the hope that XRP will rise to 589.
At the same time, the X account of this project is quite active, doing popularization and tutorials on how to get involved in the XRP ecosystem, the simple symbol combined with the fact that this is a newly created coin in the last day may also attract new players.
$SCRAP: XRP developer's pet dog, the first meme in the important wallet App
Creation time: 1 year ago
Current market cap: 10M
24-hour trading volume: 3M
24-hour price: 269%
CA:
rGHtYnnigyuaHehWGfAdoEhkoirkGNdZzo
A classic animal narrative, with the image directly taken from an XRP developer's pet dog, capitalizing on the comments and propagation effect of the focal figure. It is worth mentioning that this SCRAP is also the first meme on the Ripple ecosystem-related wallet First Ledger.
About First Ledger, there will be a detailed introduction later, similar to the role of Phantom Wallet on Solana.
$RIPPLE: Named after Ripple, another 589 narrative
Creation time: 1 day ago
Current market cap: 8M
24-hour trading volume: 10M
24-hour price: 424%
CA:
rMgrYs2XYgbGaLZ19HbUXfi9rpsaFQYwgc
This 589 is not explicitly stated in the name, but is simply called RIPPLE. But in terms of style, it is very similar to SPX 6900 on Solana; the token was created 1 year ago, much earlier than the previous 589.
In addition, the well-known X user @crypto_bitlord 7 publicly stated that he holds 3% of the tokens and provided his wallet for monitoring:
rfd3dzhvdUeeYim2APGUFq5cMXS8WrpCi
This is equivalent to openly shilling, and also shows the support of some people for RIPPLE.
$DROP: Ripple water drop meme
Creation time: 1 year ago
Current market cap: 7.7M
24-hour trading volume: 1.6M
24-hour price: 50%
CA:
rszenFJoDdiGjyezQc8pME9KWDQH43Tswh
This narrative is very easy to understand. Ripple in English actually means the ripple of water, and DROP means the drop of water, meaning that the drops of water form the ripple; the image design is more inclined towards a cartoon and cute style.
In terms of token design, 1,000,000 DROPs were created, representing that each DROP initially corresponds to 0.000001 XRP.
Participation Tools: First Ledger
Due to the separate architecture and contract writing method of XRP, a dedicated wallet is needed to participate in the meme within the ecosystem.
1. Add BOT
Currently, the one discussed the most is First Ledger, and a faster way is to directly add the corresponding BOT of this wallet in TG. Interested players can directly click here to add the First Ledger BOT to their own TG.
2. Create a wallet
After adding the BOT, you need to click on the create wallet command to set up a wallet bound to your TG.
At the same time, note that this step is different from the BOT on Solana, the wallet created in this step will require you to save your own seed phrase, which means that this wallet is non-custodial and the control of the private key is in your own hands.
3. Minimum XRP deposit amount requirement
After the wallet is created, you need to deposit a certain amount of XRP into it to ensure the normal operation of this wallet, the current minimum requirement is 11 XRP.
4. Transfer in XRP
Interested players can remember the wallet address created by the BOT, and then can transfer XRP from the CEX to the just created address.
Note that the first part of the wallet you create is the name you have given to the wallet, while the combination of numbers and letters starting with 'r' is the on-chain address.
5. Find the corresponding MEME and purchase it
Taking the text DROP as an example, if you need to purchase it, you can directly enter the CA of this MEME in the Bot wallet.
It should be noted that the token addresses in the XRP ecosystem generally start with repeated digits, and the lowercase 'r' letter is the beginning of the token's CA; players who are not sure can click on the corresponding token page on Dex Screener to xrpscan, and then copy the CA from the red box as shown in the figure below (case sensitive).
On the Bot page of First Ledger, you can directly enter the CA to bring up the buy and sell commands, and then follow the prompts to operate.
However, the Bot is currently a bit sluggish, which may be due to the influx of a large amount of hot money in a short period of time.
These coins on XRP may not be as hot as the MEME on Solana; but finding non-consensus opportunities when it's not so crowded is also a good choice.
Risk warning: MEME coins are highly volatile, and most tokens will eventually go to zero. Participating in MEME means huge risk, please participate with caution. This article is for information sharing only and does not constitute any investment advice.
