XRP
Meme Coins Like ARMY
Are Blowing Up Right Now
XRP Meme Coins Like ARMY Are Blowing Up Right Now
Meme coins on XRP Ledger are blasting off as the Ripple-linked XRP hits
seven-year highs, now up over 400% this week.
By Logan Hitchcock
Dec 3, 2024 Dec 3, 2024
3 min read
XRP. Image: Shutterstock
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XRP is up 92% in the last seven days, and meme coins on the XRP Ledger (XRPL)
network are experiencing even larger percentage gains as the ecosystem
attracts users from other blockchains.
The charge is led by an 18-month-old meme coin, ARMY—a reference to the
so-called XRP Army of enthusiastic investors and supporters—which jumped from
less than a $1 million market cap on November 26 to more than $90 million on
Sunday, though it has since dipped to about $47 million as of this writing.
The massive move has marked significant gains for early ARMY traders, one of
which has recognized more than $100,000 in profit with $400,000 in unrealized
gains, from a mere $478 purchase, just 21 days ago according to DEX Screener.
Other tokens, like BEAR and MAG have jumped by multiples as well, rising to
join ARMY in the top 10 of XRP Ledger meme coins by market cap, each with a
market cap just below $30 million as of this writing.
The substantial gains from traders have attracted the attention of crypto
personalities in other major crypto ecosystems like Solana and Ethereum, with
some users offering tutorials to help the crowd get started.
Such posts have pointed users to trading tools like the Telegram-based trading
bot FirstLedger, XRP wallet Xaman, and Magnetic X, a decentralized exchange
(DEX) on XRPL.
I can’t believe I’m asking this, but what meme coins do I buy on xrp
— gainzy (@gainzy222) December 1, 2024
Though the ecosystem and its tools are gaining greater adoption, volume on
Ripple meme coins still pales in comparison to that of meme coins trading on
other blockchains. For example, ARMY traded nearly $10 million in the last 24
hours, while 34 tokens each accomplished that feat on Solana, according to DEX
Screener.
The nascency of meme coin trading infrastructure on the XRP Ledger, along with
skepticism about the staying power• Музыка » Музыка Великобритании » Музыкальные коллективы Великобритании » Рок-группы Великобритании » Queen » Песни Queen » Staying Power of a potentially overheated ecosystem, has
led others to take a stand against the trade.
I refuse to buy meme coins on Ripple.
It’s too much, even for a degen like me… Too much!
— Noodles (@criptopaul) December 1, 2024
“I refuse to trade Ripple meme coins,” said pseudonymous crypto personality
Noodles on X . “It’s too much even for a degen like me.”
The Ripple-linked XRP flipped Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether to become the third-largest
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта by market cap over the weekend. The move coincides with
speculation about XRP exchange-traded funds (ETFs) and expectations of
increased regulatory clarity .
Edited by Andrew Hayward
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