Hold onto your hats, folks, because XRP is on a wild ride! In just a week, it's rocketed up by a staggering 88%, and it's bringing along an entourage of meme coins from the Ripple ecosystem that are absolutely booming.
The XRP Ledger (XRPL) is turning into a playground for crypto fans, with meme tokens such as ARMY, 589, XPILL, PHNIX, and RIPPIE making quite the splash. This surge is riding the coattails of XRP's own impressive comeback, which has seen it leap into the top three cryptocurrencies by market cap.
Leading this meme coin parade is ARMY, which has been around for about 18 months. It's a shoutout to the passionate XRP community, affectionately known as the “XRP Army.” And boy, did it make waves! According to Dexscreener, ARMY's market cap skyrocketed from under a million dollars to a jaw-dropping $90 million before settling around $47 million. Despite a recent dip, it's still holding strong with a $26.3 million valuation, making it the top dog among XRPL's meme coins.
Early adopters of ARMY must be grinning from ear to ear, with one savvy trader reportedly turning a $478 investment into a cool half-million in just under three weeks. Talk about a sweet deal!
589 is another meme token that's been catching fire, inspired by the community's ambitious price goal for XRP. It hit a market cap of $8 million, thanks to a whopping 160% price surge in just 24 hours. But as of now, it's trading at around $0.0005513, with its market cap dipping to $2.9 million.
The success of ARMY and the broader XRP rally has sparked a meme coin craze on XRPL, with a slew of new tokens making eye-popping gains in just 24 hours.
RIPPY tops the charts with an astronomical 22,825% increase at one point, settling around 17,694% up, with its price at about $0.00116 and a market cap near $1.1 million. Not too shabby for a token that's just a few days old!
Hot on its heels, XPILL has seen a 13,128% rise, with a modest market cap of $88,000. PHNIX isn't far behind either, soaring over 12,000% since its debut. Tokens like SAM, bwif, RIPPIE, and NOX aren't slouching either, each boasting gains of over 1,000% in just a day, with bwif leading the charge with a 7,710% increase in just six hours.
The buzz around these XRPL tokens is drawing attention far and wide, with traders from Ethereum and Solana diving in, even offering tips and tricks to newcomers eager to jump on the Ripple meme coin bandwagon.
