Original title: Left Curve | XRP Memecoin Onboarding 101 Original author: @zaddycoin, crypto KOL Original compilation: zhouzhou, BlockBeats
Editor’s note: The XRP ecosystem currently has no staking, and DeFi is not mature. Spare funds are all going to play with Meme coins on XRPL. Related operations are simple: use the First Ledger bot or Xaman Wallet + WebApp for trading. But the issue to note is that risks are high, liquidity is poor, and prices can soar and plummet at any time. Rug pulls are always a possibility, but the popularity of Meme coins may drive the rise of the XRPL ecosystem.
The original content is as follows (for readability, the original content has been edited):
Introduction
I find it hard to express my pessimistic view of XRP as a long-term cross-border payment solution, not to mention its CEO's repeated public criticism of Bitcoin. The list of issues with XRP is far too long to even begin listing. Just a year ago, mentioning XRP on crypto Twitter would likely get you mocked or even ostracized—sorry, Raoul. But price movements changed everything, and now the XRP legion finally has their moment in the sun; today is their 'victory day.'
Link to Raoul's tweet
Rules
To continue reading this article, you need to put on the 'left curve thinking' hat, or you can simply exit—it's that simple; this isn't content for everyone. Remember back in the 2021 bull market when my friends were frantically asking me about DOGE and SHIB? I told them to focus on things 'with real applications,' like ETH. While that advice wasn't wrong in itself, the real opportunity was actually DOGE and SHIB, purely due to the massive attention they garnered—this was the signal.
I was talking at the time, not listening, but this time I choose to listen. When the cries of ordinary retail investors echoed across crypto Twitter, they clearly told us which coins they were choosing.
Core ideas
This viewpoint is simple and unapologetically speculative: XRP is the fourth largest cryptocurrency—not just any cryptocurrency, but the fourth largest ecosystem coin by market cap, marking a significant change in narrative direction. XRP was originally positioned as a tool for bank cross-border payments, but the real opportunity window (which may not last long) has now shifted to its ecosystem. Specifically, it concerns Meme coins issued on the XRPL (XRP Ledger) smart contract platform.
The enthusiasm of the XRP community is arguably the highest in the crypto space; one could say that the XRP community is the most 'religious' group in the crypto realm, second only to the loyalty of Bitcoin holders.
Chart A:
Don't you love those TikTok preachers boasting about XRP's 'trillion-dollar' market cap?
Although XRP's price has been on a downward trend since 2018, it has consistently attracted new ecosystem participants. This resilience primarily stems from the fervor of 2018, which left a deep impression on many observers. Many people I know still ask me about XRP.
Time flies, and many retail investors returning to the crypto market now tend to choose the coins they were familiar with in the past.
Old altcoins surged in 2018 | Retail investors return
Image link
As one of the top five cryptocurrencies by market cap, the question arises: where are all these idle funds flowing? XRP lacks native staking capabilities, and its DeFi ecosystem is still 'underdeveloped,' with most activities limited to transfers, receptions, and simple holding.
This raises a key question: where will these idle funds flow when they seek direction? With limited choices, these participants are likely to chase the next 'hundred times' Meme coin opportunity, forced into speculative trading rather than making active choices.
Strategy
The strategy is simple: seize opportunities in Meme coins and trading infrastructure within the ecosystem. Just as Meme coins drove Solana's activity, leading to the growth of decentralized trading platforms like Raydium, Jupiter, and even Jito, a similar dynamic may replay on XRPL.
Buying tokens on XRPL 101
Option 1: First Ledger Bot
To easily purchase tokens, you need to use the @First_Ledger Telegram bot. You can directly send XRP tokens through exchanges like Coinbase and Binance.
Contract address acquisition
Without delving into technical details, the easiest way to get the CA and paste it into the bot is to obtain the URL from DEXscreener. Note that the DEXscreener URL can sometimes be case-sensitive, while the First Ledger Bot requires an exact case match.
Solution: Paste part of the URL into XRPscan to easily extract a case-sensitive version. This method may be updated over time, but the core process remains unchanged.
This is a contract example from a URL:
The bot is case-sensitive:
1. Correct: rGHtYnnigyuaHehWGfAdoEhkoirkGNdZzo
2. Incorrect: rghtynnigyuahehwgfadoehkoirkgndzzo
Note: 10 XRP locked
When creating a new wallet, all new wallets will be locked with 10 XRP to prevent the network from being attacked by spam transactions. When you delete the wallet, you can retrieve this 10 XRP. I suggest not getting hung up on this point—this is the 'ticket' to enter the market, just pay and keep your wallet.
First Ledger debugging and issue resolution
Some have encountered issues setting up wallets (waiting for a fix or choosing a second option).
Some have encountered issues buying on mobile (waiting for a fix or choosing a second option).
Option 2: Xaman Wallet + xMagnetic WebApp
The second option is divided into two parts:
Use the @XamanWallet wallet.
Operate with the @MagneticXRPL web application. Open the xMagnetic WebApp in your mobile browser to pair with the Xaman Wallet on your phone, completing transactions without using the Telegram bot.
Friendly reminder
Low liquidity, significant chart fluctuations.
If a strong Meme coin strategy is chosen, give it some time to fluctuate. It may drop 50% in a few hours only to rebound quickly.
Rug pulls are everywhere; 99% of tokens may have the risk of a scam.
Summary
I have mentioned my pessimistic view of XRP as a cross-border payment tool, but as a Meme ecosystem, it is fundamentally a speculative play. Idle value can now flow into new speculative assets triggered by XRP's price movements. Users are already in position, similar to the TON approach.
But wait... if you are bullish on XRP Meme coins, do you also believe in XRP itself? Wouldn't it be interesting if enough Meme value spawns a mature XRPL ecosystem?
"Original link"
