ARMY: Meet the XRP network memecoin that is booming.

XRP Ledger Network-Based Memecoins Are Exploding as XRP Itself Hits Seven-Year High

XRP is up 92% in the last seven days, and memecoins based on the XRP Ledger Network (XRPL) are experiencing even greater percentage gains as the ecosystem attracts users from other blockchains.

The rallies are being led by an 18-month-old memecoin, ARMY – a reference to the so-called XRP Army of enthusiastic investors and supporters – which has jumped from less than US$ 1 million market capitalization on November 26 to more than US$ 90 million on Sunday (1st), although it has dropped to around US$ 47 million at the time of writing.

The dramatic increase marked significant gains for early ARMY traders, one of whom profited over US$ 100 (and still has over US$ 400 in unrealized gains) from a purchase of just US$ 478 just 21 days ago from according to DEX Screener.

Other tokens such as BEAR and MAG have also seen significant price jumps, rising to join ARMY in the XRP Ledger's top 10 memecoins by market cap, each with a market cap just under US$ 30 million at press time.

Traders' substantial gains have attracted the attention of crypto industry figures in other major crypto ecosystems such as Solana and Ethereum, with some users offering tutorials to help the crowd get started on the network.#TopCoinsSeptember2024