Author: TechFlow
Welcome to the week awakened by the rise of XRP.
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 value has surpassed Solana, ranking third in the cryptocurrency market value ranking.
For many users in the Chinese community, this market trend may have come as a bit of a surprise.
Confined by 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 continued optimism of global capital for 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, the Meme coins in the ecosystem have quietly emerged with some interesting opportunities.
For this familiar yet unfamiliar old friend, we have reviewed the Memes with relatively large trading volumes and summarized the common participation tools, hoping to provide some reference for everyone.
Popular Memes (ranked by trading volume):
First of all, it should be noted that the trading enthusiasm for Meme tokens in the XRP ecosystem has been high in the short term.
Dex Screener data shows that the 24-hour on-chain trading volume in this ecosystem has reached over 70M, with 330,000 transactions, which would make you think it's Solana.
In this sentiment, selecting Memes solely based on market capitalization is not very stable. If you look closely at the Memes in XRP, you'll find that many of the larger market cap ones were created a few months or even 1-2 years ago, and may not necessarily have trading volume now.
Therefore, we have reviewed the hot Memes 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 cap, ARMY is currently the largest one in XRP.
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 Meme, we are Army; it has a bit of the fun and strong CX feel of the English word ending rhyme.
$589: Call 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 getting into a 985 university, but about rising to 589.
This strange number that looks like it's going the opposite way 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 Dev's pet dog, taking advantage of the focus on the personality and propagation effect. It's 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 directly called RIPPLE. But in terms of style, it is very similar to SPX6900 on Solana; the token was created a year ago, much earlier than the previous 589.
In addition, the well-known X user @crypto_bitlord7 publicly stated that he holds 3% of the tokens and provided his wallet for monitoring:
rfd3dzhvdUeeYim2APGUFq5cMXS8WrpCi
This is equivalent to openly shilling, also showing 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 water drop, meaning that the water drops form the ripple; the image design is more inclined to the cartoon and cute style.
Corresponding to the token design, 1,000,000 DROP were manufactured, representing that each DROP initially corresponds to 0.000001 XRP.
Participation Tool: First Ledger
Due to the separate architecture and contract writing method of XRP, a separate wallet is needed to participate in the Memes in the ecosystem.
AddBOT
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 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.
Note that this step is different from the Bot on Solana, the wallet created in this step will require you to save your seed phrase, which means that this wallet is non-custodial and the private key control 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 11XRP.
4. Transfer in XRP
Interested players can remember the wallet address created by the Bot, and then transfer XRP from the CEX to the just-created address.
Note that the first part of the wallet created is the name you gave to the wallet, and the r-starting numeric letter combination at the end is the on-chain address.
5. Find the corresponding Meme and purchase
Taking 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 repeating digits, and the CA (contract address) only starts with a lowercase 'r' letter. Unsure players can click on the corresponding token page on Dex Screener and then copy the CA (case-sensitive) from the red box shown in the image on the xrpscan.
On the Bot page of First Ledger, you can directly enter the CA to initiate the buy and sell commands, and then follow the prompts.
However, the Bot is currently experiencing some lag, which may be due to the influx of hot money in a short period of time.
These tokens on XRP may not be as popular as the Meme tokens on Solana, but finding non-consensus opportunities when the market is not too competitive can also be a good choice.
Risk Warning: Meme tokens are highly volatile, and most tokens will eventually go to zero. Participating in Meme means taking huge risks, please participate with caution. This article is for information sharing only and does not constitute any investment advice.
