Missed the XRP surge? Take a look at the trending Meme coins within the Ripple ecosystem (with participation tutorial)

Deep Tide TechFlow
2024-12-02 13:14:14
Collection
Perhaps it won't be as popular as the memes on Solana, but finding non-consensus opportunities when the competition is less intense is also a good choice.

Author: Deep Tide TechFlow

Welcome to a week awakened by the rise of Ripple's XRP.

In the recent market recovery, this "old friend" unexpectedly became the focus.

This weekend, market attention was ignited by XRP's astonishing performance. Established in 2012, this "ancient project" has shown surprising vitality, with a 24-hour increase of over 30%, and its market capitalization has surpassed Solana, jumping to third place in the cryptocurrency market cap rankings.

For many users in the Chinese community, this wave of market activity may have come as a surprise.

Within the limitations of information echo chambers, XRP is often labeled as an "antique," and new entrants often hesitate to engage with this "ancient coin."

However, looking at the global market, XRP's activity far exceeds common perceptions. On South Korea's largest exchange, Upbit, XRP consistently ranks among the top in trading volume; as the legal disputes surrounding Ripple gradually become clearer, this sudden surge in price somewhat confirms the ongoing optimism of global funds towards XRP.

What should you do if you missed the wave of XRP's rise?

Currently, the Ripple ecosystem still appears weak in infrastructure areas like DeFi, and related projects may not be the best choice. In contrast, some interesting opportunities have quietly emerged within the ecosystem's meme coins.

For this familiar yet unfamiliar old friend, we have compiled a list of meme coins with relatively high trading volumes and summarized common participation tools, hoping to provide some reference for everyone.

Popular Memes (sorted by trading volume):

First, it is important to note that the trading enthusiasm for meme tokens within the XRP ecosystem is currently high.

Dex Screener data shows that the on-chain trading volume within this ecosystem has exceeded 70M in the last 24 hours, with the number of transactions reaching 330,000, making it easy to mistake it for Solana at a glance.

In this sentiment, selecting memes solely based on market capitalization is not reliable. If you take a closer look at the memes in XRP, you'll find that many of the larger market cap tokens were created months or even 1-2 years ago, and may not necessarily have trading volume now.

Therefore, we will review the hot memes based on their trading volume in the last 24 hours, which can provide more timely references.

$Army: Players holding 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

From the market cap perspective, ARMY is indeed the largest in XRP at the moment.

Its corresponding narrative is quite simple and straightforward, calling on XRP holders to form an army (ARMY); we are not a meme, we are an army; it has a playful and strong CX feel with a bit of English wordplay.

$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 aiming for 985, but about rising to 589.

This strange number, which seems to be the opposite of 985, actually refers to the hope that XRP will rise to 589.

At the same time, the project's X account is quite active, working on educating people on how to participate in the XRP ecosystem, and the simple symbol combined with being a newly created coin in the last day may attract new players.

$SCRAP: The pet dog of XRP developers, the first meme in an 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, its image is directly taken from the pet dog of a certain XRP developer, leveraging the commentary and dissemination effects of key figures. It is worth mentioning that this SCRAP is also the first meme on the Ripple ecosystem's wallet, First Ledger.

More details about First Ledger will be introduced 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 marked in the name but is directly called RIPPLE. However, in style, it is very similar to SPX6900 on Solana; the token was created a year ago, much earlier than the previous 589.

Additionally, well-known X user @crypto_bitlord7 publicly stated that he holds 3% of the tokens and provided his wallet for monitoring:

rfd3dzhvdUeeYim2APGUFq5cMXS8WrpCi

This wave is essentially a clear signal, showing some people's support 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 ripples of water, while DROP means a water droplet, implying that droplets form ripples; the design is more cartoonish and cute.

In terms of token design, 1,000,000 DROP tokens have been created, representing that each DROP initially corresponds to 0.000001 XRP.

Participation Tools: First Ledger

Since XRP has its own architecture and contract writing method, a separate wallet is needed to participate in the ecosystem's memes.

  1. Add BOT

Currently, the most discussed option is First Ledger, and a quick way is to directly add the corresponding Bot of this wallet in TG. Interested players can directly add First Ledger's Bot to their TG here.

2. Create a wallet

After adding the Bot, you need to click the command to create a wallet and set up a wallet linked 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 mnemonic phrase, meaning this wallet is non-custodial, and you control the private key.

3. Minimum XRP deposit requirement

After the wallet is created, you need to deposit a certain amount of XRP to ensure the normal operation of this wallet, with a minimum requirement of 11 XRP.

  1. Transfer XRP

Interested players can remember the wallet address created after adding the Bot, and then deposit XRP into the newly created address from a CEX.

Note that the first part of the created wallet is the name you assigned to the wallet, while the latter part starting with the letter r is the on-chain address.

  1. Find the corresponding meme and purchase

Taking DROP as an example, if you want to purchase it, you can directly input the CA of that meme in the Bot wallet.

It is important to note that the token addresses in the XRP ecosystem generally start with repeated numbers, and only the part starting with the lowercase letter r is the token's CA; players who are unsure can click on the corresponding token page in Dex Screener to find the CA by copying it from the red box shown in the image below (case-sensitive).

In the First Ledger Bot page, simply input the CA to initiate the buy/sell command, and then follow the prompts to operate.

However, currently, the Bot may experience some lag, possibly due to a sudden influx of hot money.

These coins on XRP may not be as popular as memes on Solana; however, finding non-consensus opportunities when the competition is not so intense is also a good choice.

Risk Warning: Meme coins are highly volatile, and most tokens will ultimately trend towards zero. Participating in memes entails significant risks; please participate with caution. This article is for informational sharing only and does not constitute any investment advice.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
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