Author: ShenChao TechFlow
Welcome to the week awakened by the rise of Ripple XRP.
In the recent market recovery, it was unexpected that this 'old friend' suddenly became the focus.
This weekend, market attention was ignited by XRP's astonishing performance. This 'ancient project' established in 2012 has shown unexpected vitality, with a 24-hour increase exceeding 30%, and its market cap 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 might have come as a surprise.
Under the limitations of information silos, XRP is often labeled as an 'antique,' and new players often hesitate to approach this 'ancient coin.'
However, looking at the global market, XRP's activity far exceeds recognition. In Korea's largest exchange, Upbit, XRP continues to rank high in trading volume; meanwhile, as Ripple's related legal disputes gradually clarify, this sudden surge to some extent also confirms the continued optimism of global funds towards XRP.
What should you do after missing out on a wave of XRP's increase?
Currently, the Ripple ecosystem still appears weak in DeFi and other infrastructure areas, 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 strange old friend, we reviewed the memes with relatively high trading volumes and summarized common participation tools, hoping to provide some reference to everyone.
Popular Memes (sorted by trading volume):
First, it is important to note that the trading enthusiasm for meme tokens in the XRP ecosystem is high in the short term.
Dex Screener data shows that the 24-hour trading volume on this ecosystem's chain has exceeded 70M, with the number of transactions reaching 330,000. At a glance, it might be mistaken for Solana.
And in this sentiment, selecting memes solely based on market cap is not reliable. If you look closely at the memes in XRP, you'll 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 in the last 24 hours, which can provide more timely references.
$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 one in XRP right now.
Its corresponding narrative is also quite straightforward, calling for XRP holders to form an army (ARMY); we are not memes, we are Army; it has a bit of playful alliteration and a strong CX feel.
$589: Call 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 that seems to oppose 985 actually refers to the hope that XRP will rise to 589.
Meanwhile, the project's X account is quite active, working on how to engage everyone in the XRP ecosystem through education and tutorials. The simple symbol combined with this being a newly created coin may attract new players.
$SCRAP: XRP Developer's Pet Dog, 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, whose image is directly screenshot from the pet dog of an XRP developer, benefiting from the commentary and dissemination effects of key figures. It is worth mentioning that this SCRAP is also the first meme associated with the Ripple ecosystem wallet First Ledger.
Regarding First Ledger, there will be a detailed introduction later, similar to the role of Phantom Wallet on Solana.
$RIPPLE: Another 589 narrative with the same name as 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.
In addition, 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 like a clear signal, showing some people's support for RIPPLE.
$DROP: Ripple Water Droplet 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 water droplet, implying that water droplets form ripples; the visual design is more cartoonish and cute.
In terms of token design, 1,000,000 DROP were created, representing that each DROP initially corresponds to 0.000001 XRP.
Participation Tool: First Ledger
Since XRP has its own architecture and contract writing methods, a separate wallet needs to be found to participate in the memes within the ecosystem.
Add BOT
Currently, the most discussed is First Ledger. 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 to create a wallet command to set up a wallet linked to TG.
Also, note that this step differs from the Bot on Solana; the wallet created in this step requires you to save your own mnemonic phrase, which means this wallet is non-custodial, and the control of the private key is in your hands.
3. Minimum XRP Deposit Amount Requirement
After the wallet is created, a certain amount of XRP needs to be deposited to ensure the normal operation of this wallet, with a current minimum requirement of 11 XRP.
4. Transfer XRP
Interested players can remember the wallet address created after the Bot setup, and later they can deposit XRP into the newly created address on CEX.
Note that the first part of the created wallet is the name you named for the wallet, while the latter part starting with 'r' is the on-chain address.
5. Find the corresponding meme and purchase
Taking DROP as an example, if one needs to purchase, they can directly input the Meme's CA in the Bot wallet.
It should be noted that the token addresses in the XRP ecosystem generally start with repeated numbers, and the lowercase 'r' letter at the end marks the beginning of the token's CA; uncertain players can click on the corresponding token page in Dex Screener to go to XRP's own browser xrpscan, then copy from the red box shown in the image to find the CA (case sensitive).
In First Ledger's Bot page, you can directly input CA to initiate buy and sell commands, and then follow the prompts to operate.
However, the Bot is currently somewhat sluggish, 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 in less competitive times is also a good choice.
Risk Warning: Meme coins are highly volatile, and most tokens will ultimately trend toward zero. Participating in memes entails significant risks; please participate cautiously. This article is for informational sharing only and does not constitute any investment advice.
