Article reproduced from: Shen Chao TechFlow
Written by: Shen Chao TechFlow
Welcome to the week awakened by the rise of Ripple XRP.
In the recent market recovery, unexpectedly, this 'old friend' suddenly became the focus.
This weekend, the market's attention was ignited by XRP's astonishing performance. This 'ancient project' established in 2012 showed unexpected vitality, with a 24-hour increase exceeding 30%, and its market cap 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.
Under the limitations of information cocoons, XRP is often labeled as an 'antique', and new players often hesitate before this 'ancient coin'.
However, looking at the global market, XRP's activity far exceeds recognition. In South Korea's largest exchange, Upbit, XRP continues to rank high in trading volume; as the legal disputes related to Ripple gradually become clearer, this sudden surge in price also somewhat confirms the global capital's continued optimism towards XRP.
What should you do after missing a wave of XRP's rise?
Currently, the Ripple ecosystem still appears weak in the field of DeFi and other infrastructure, and related projects may not be the best choice. In contrast, 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 larger 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 there is a surge of trading enthusiasm for Meme tokens within the XRP ecosystem in the short term.
Dex Screener data shows that the on-chain 24-hour trading volume within this ecosystem has exceeded 70M, with the number of transactions reaching 330,000. At a glance, it looks like Solana.
In this sentiment, simply selecting Memes based on market cap is not reliable. If you look closely at the Memes in XRP, you will find that many with larger market caps 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 the trading volume over the last 24 hours, which can provide more timely reference.
$Army: Players holding XRP refer to themselves as 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 indeed the largest within XRP.
The corresponding narrative is quite simple and straightforward, calling on holders of XRP to form an army (ARMY). We are not Meme, we are Army; it has a playful rhyme and a strong CX feel.
$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 taking the 985 exam, but about rising to 589.
This strange number that 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 how to involve everyone in the XRP ecosystem through education and tutorials. The simple symbols 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 important wallet apps
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 screenshot from a pet dog of a certain XRP Dev, which relies on the remarks and dissemination effects of focal characters. It is worth mentioning that this SCRAP is also the first Meme on the wallet First Ledger associated with Ripple's ecosystem.
Regarding First Ledger, a detailed introduction will follow, which serves a similar function to Phantom Wallet on Solana.
$RIPPLE: Another 589 narrative named after Ripple
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 terms of 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 token and provided his wallet for monitoring:
rfd3dzhvdUeeYim2APGUFq5cMXS8WrpCi
This wave is equivalent to 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 actually means the ripples of water in English, and DROP means a water drop, implying that water drops form ripples; the visual design leans more towards a cartoon and cute style.
Corresponding to the token design, there are 1,000,000 DROP created, representing that each DROP initially corresponds to 0.000001 XRP.
Participation tool: First Ledger
Due to XRP having its own architecture and contract writing method, a separate wallet is needed to participate in the Meme within the ecosystem.
1. Add BOT
Currently, the most discussed is First Ledger, and a quicker 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 from here.
2. Create wallet
After adding the Bot, you need to click on the create wallet command to set up a wallet linked to TG.
At the same time, note that this step is different from the Bot on Solana. The wallet created in this step will require you to save your own mnemonic, which means this wallet is non-custodial, and you control the private key.
3. Minimum XRP deposit amount requirement
After creating the wallet, a certain amount of XRP needs to be deposited in order to ensure the normal operation of this wallet, with the current minimum requirement being 11 XRP.
4. Transfer to XRP
Interested players can remember the wallet address created after the Bot, and then withdraw XRP from CEX into the newly created address.
Note that the first part of the created wallet is the name you gave to the wallet, while the latter part that starts with 'r' is the on-chain address.
5. Find the corresponding Meme and purchase
Taking DROP as an example, if you wish to purchase, 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 repeated numbers, and the last lowercase letter 'r' indicates the start of the token's CA; unsure players can click on the corresponding token page in Dex Screener to xrp's own browser xrpscan, then copy the CA from the red box shown in the image below (case-sensitive).
On the First Ledger Bot page, simply enter CA to pull up the buy and sell commands, then follow the prompts to operate.
However, the Bot is currently slightly lagging, possibly due to a sudden influx of hot money in a short time.
These coins on XRP may not be as popular as the Memes on Solana; however, finding non-consensus opportunities when the competition is less intense 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 risk, please participate cautiously. This article is for informational sharing only and does not constitute any investment advice.
