Written by: Deep Tide TechFlow.
Welcome to the week awakened by the rise of Ripple XRP.
In the recent market recovery, it is unexpected that this 'old friend' suddenly became the focus.
This weekend, the market's attention was ignited by XRP's astonishing performance. This 'ancient project' founded in 2012 has shown unexpected vitality, with a 24-hour increase of over 30%, and its market value has surpassed Solana, rising to third place in the cryptocurrency market capitalization ranking.
For many users in Chinese communities, this wave of market activity may have come as a surprise.
Under the limitations of information silos, XRP is often labeled as an 'old antique', and newcomers often hesitate to approach this 'ancient coin'.
However, looking at the global market, the activity of XRP far exceeds expectations. At South Korea's largest exchange Upbit, XRP continues to rank high in trading volume; also, as the legal disputes related to Ripple gradually become clearer, this sudden surge to some extent confirms the global funds' ongoing optimism towards XRP.
What should one do after missing a wave of XRP's rise?
Currently, the Ripple ecosystem still appears weak in basic infrastructure areas like DeFi, and related projects may not be the best choice. In contrast, meme coins in the ecosystem have quietly emerged with some interesting opportunities.
For this familiar yet strange old friend, we have reviewed the memes with relatively high trading volumes and summarized common participation tools, hoping to provide reference for everyone.
Popular memes (sorted by trading volume):
First, it is important to note that in the short term, the trading enthusiasm for meme tokens within the XRP ecosystem is high.
Dex Screener data shows that the on-chain trading volume within this ecosystem has reached over 70M in the last 24 hours, with transaction numbers reaching 330,000, it might look like Solana at first glance.
In this sentiment, selecting memes solely based on market capitalization is not reliable. If you look closely at the memes in XRP, you'll find that many of the larger market caps were created months or even 1-2 years ago and may not necessarily have trading volume now.
Therefore, we will take a stock of the popular memes based on the trading volume in the last 24 hours, which also provides more timely reference.
$Army: Players holding XRP call themselves an army.
Creation time: 1 year ago.
Current market value: 69M.
24-hour trading volume: 14.5M.
24-hour price: 21%.
CA:
rGG3wQ4kUzd7Jnmk1n5NWPZjjut62kCBfC
In terms of market value, ARMY is indeed the largest one in XRP.
The corresponding narrative is also quite straightforward, calling on holders of XRP to form an army (ARMY), we are not a meme, we are an army; it has a bit of playful double rhyme in English and a strong CX feel.
$589: Calling for XRP to rise to 589.
Creation time: 1 day ago.
Current market value: 8M.
24-hour trading volume: 10M.
24-hour price: 160%.
CA:
rfcasq9uRbvwcmLFvc4ti3j8Qt1CYCGgHz
It's not about hitting 985, but about rising to 589.
This strange number seems to be the opposite of 985, but it actually refers to the hope that XRP rises to 589.
Meanwhile, the project's X account is quite active, working on how to allow everyone to participate in the XRP ecosystem with educational content and tutorials. The simple symbols combined with the fact that this is a newly created coin in the past day may attract newcomers.
$SCRAP: The pet dog of XRP developers, the first meme in an important wallet app.
Creation time: 1 year ago.
Current market value: 10M.
24-hour trading volume: 3M.
24-hour price: 269%.
CA:
rGHtYnnigyuaHehWGfAdoEhkoirkGNdZzo
A classic animal narrative, its image is directly captured from a dev's pet dog on XRP, heavily relying on the statements and communication effects of key figures. It's worth mentioning that this SCRAP is also the first meme on the Ripple ecosystem-associated wallet First Ledger.
Regarding First Ledger, there will be a detailed introduction later, serving a similar purpose to Phantom Wallet on Solana.
$RIPPLE: Another 589 narrative named after Ripple.
Creation time: 1 day ago.
Current market value: 8M.
24-hour trading volume: 10M.
24-hour price: 424%.
CA:
rMgrYs2XYgbGaLZ19HbUXfi9rpsaFQYwgc
This 589 is not marked in the name but is directly called RIPPLE. However, stylistically, 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 has provided his wallet for monitoring:
rfd3dzhvdUeeYim2APGUFq5cMXS8WrpCi
This wave is equivalent to a clear call, also showing some people's support for RIPPLE.
$DROP: Ripple water droplet meme.
Creation time: 1 year ago.
Current market value: 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 water droplet, signifying that droplets form ripples; the character design is more cartoonish and cute.
In terms of token design, 1,000,000 DROP have been created, representing that each DROP initially corresponds to 0.000001 XRP.
Participation tool: First Ledger.
Since XRP has its own structure and contract writing method, a separate wallet is needed to participate in the memes within the ecosystem.
1. Add BOT.
Currently, the most discussed topic is First Ledger, and a quicker way is to directly add the corresponding Bot of this wallet in TG. Interested players can directly add the First Ledger Bot to their TG from here.
2. Create a wallet.
After adding the Bot, you need to click on the create wallet command to set up a wallet linked to your TG.
Also, note that this step is different from the Bot on Solana; the wallet created in this step will require you to save your mnemonic words, which means this wallet is non-custodial, and you control the private key.
3. Minimum XRP deposit requirement.
After creating the wallet, you need to deposit a certain amount of XRP to ensure the normal operation of the wallet, with the current minimum requirement being 11 XRP.
4. Transfer XRP.
Interested players can remember the wallet address after creating the Bot, and then they can deposit XRP into the newly created address in CEX.
Note that the first part of the created wallet is the name you give to the wallet, while the latter part starting with 'r' is the on-chain address.
5. Find the corresponding meme and buy in.
Taking DROP as an example, if you want to purchase, you can directly input the CA of that meme in the Bot wallet.
It should be noted that the token addresses in the XRP ecosystem generally start with repeated numbers, and the token CA starts with a lowercase 'r'; players who are unsure can click on the corresponding token page in Dex Screener to find the CA as shown in the red box in the image (case-sensitive).
On the Bot page of First Ledger, simply input CA to bring up the buy/sell commands, then follow the prompts to operate.
However, currently the Bot may experience slight delays, possibly due to a sudden influx of hot money in a short time.
These coins on XRP may not be as popular as memes on Solana; however, finding non-consensus opportunities when things are less competitive is also a good choice.
Risk warning: Meme coins are highly volatile, and most tokens will eventually go to zero. Participating in memes means significant risks, please participate with caution. This article is for informational purposes only and does not constitute any investment advice.
