Original title: Left Curve | XRP Memecoin Onboarding 101
Original author: @zaddycoin, crypto KOL
Original translation: zhouzhou, BlockBeats
Editor’s note: The XRP ecosystem currently has no staking and the DeFi is immature; spare cash is going to play with Meme coins on XRPL. The related operation is simple: use the First Ledger bot or Xaman wallet + WebApp for trading. But be aware that the issues are high risk, poor liquidity, prices can soar and plummet, and Rug pulls may happen at any time, but the popularity of Meme coins may help drive the rise of the XRPL ecosystem.
Here is the original content (rearranged for better readability):
Introduction
I find it difficult to express my pessimistic view of XRP as a long-term cross-border payment solution, not to mention its CEO publicly singing the praises of Bitcoin multiple times. The list of issues with XRP is simply too long, detailing them would be a waste of time. Just a year ago, mentioning XRP on Twitter in the crypto space would likely get you mocked or even ostracized—sorry, Raoul. But price movements changed everything, and now the XRP legion has finally ushered in their moment of glory, today is their 'victory day.'
Raoul's tweet link
Rules
To continue reading this article, you need to put on the 'left curve thinking' hat; otherwise, you can exit directly—it's that simple, this content is not suitable for everyone. Remember during the bull market in 2021, my friends were frantically asking me about DOGE and SHIB. I told them to focus on things with 'real applications' like ETH. While this advice was not wrong in itself, the real opportunity was actually DOGE and SHIB, purely because of the massive attention at that time, that was where the signal was.
At that time, I was talking, not listening, but this time I choose to listen. When the cries of ordinary retail investors echoed in every corner of crypto Twitter, they clearly told us which coins they are choosing.
Core Points
This viewpoint is simple and unambiguous in its speculation: XRP is the fourth largest cryptocurrency—no, to be precise, XRP is the fourth largest ecosystem coin ranked by market cap, marking a significant change in narrative direction. XRP's initial positioning was as a cross-border payment tool for banks, but the real opportunity window (which may not last long) has now shifted to its ecosystem. Specifically, it is the Meme coins issued on the XRPL (XRP Ledger) smart contract platform.
The enthusiasm of the XRP community is the highest in the crypto space.
It can be said that the XRP community is the most 'religious' group in the crypto space, second only to the loyalty of Bitcoin holders.
Chart A:
Don't you love those TikTok preachers boasting about XRP's 'trillion-level' market cap?
Despite the continuous decline in XRP's price since 2018, it has consistently been able to attract new ecosystem participants. This resilience primarily stems from the frenzy of 2018, which left a deep impression on many observers; many people I know are still asking me about XRP.
Time flies; many retail investors returning to the crypto market now tend to choose the coins they were familiar with in the past.
2018 Old Altcoin Surge | Retail Investors Return
Image link
As one of the top five cryptocurrencies by market cap, the question arises: where do all these idle funds flow? XRP lacks native staking functionality, and its DeFi ecosystem is still 'underdeveloped', with most activities limited to transfers, receptions, and simple holding.
This raises a key question: when idle funds seek direction, where will they flow?
Due to limited choices, these participants are likely to chase the next 'hundredfold' Meme coin opportunity, being forced to turn to speculative trading instead of making active choices.
Strategy
The strategy is simple: seize the opportunities within the ecosystem for Meme coins and trading infrastructure. Just as Meme coins drove the activity of Solana, leading to the growth of decentralized trading platforms like Raydium, Jupiter, and even Jito, the same dynamics may replay on the XRPL.
How to Buy Tokens on XRPL 101
Option 1: First Ledger Bot
To easily purchase tokens, you need to use the @First_Ledger Telegram bot. You can send XRP tokens directly through trading platforms like Coinbase, Binance, etc.
Contract address acquisition
Without going into technical details, the simplest way to obtain the CA and paste it into the bot is to get the address from the URL of DEXscreener. It is important to note that the URL of DEXscreener is sometimes case-sensitive, while the First Ledger Bot requires an exact case match.
Solution: Paste part of the URL into XRPscan to easily extract the case-sensitive version. This method may be updated over time, but the core process remains unchanged.
Here is an example of a contract from the 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 these 10 XRP. I suggest not getting too hung up on this point—this is the 'ticket' to enter the market; just pay the fee and keep your wallet.
First Ledger Debugging and Problem Fixing
Some people encountered issues with setting up wallets (waiting for fixes, or choose the second option).
Some people encountered issues buying on mobile (waiting for fixes, or choose the second option).
Option 2: Xaman Wallet + xMagnetic WebApp
The second option is divided into two parts:
Use the @XamanWallet wallet.
Collaborate with the @MagneticXRPLWeb application.
Open the xMagnetic WebApp in your mobile browser, which can pair with the Xaman Wallet on your phone, allowing you to complete transactions without using the Telegram bot.
Warm reminder
Low liquidity, with volatile chart fluctuations.
If you choose a strong Meme coin strategy, give it some time to fluctuate. It might drop 50% within hours and then rebound quickly.
Rug pulls are everywhere; 99% of tokens may have running risks.
Summary
I mentioned my pessimistic view of XRP as a cross-border payment tool, but as a Meme ecosystem, it's fundamentally a speculative play. Idle value can now flow into new speculative assets triggered by XRP price movements. Users are already in place, similar to the TON play.
But wait... if you are optimistic about XRP Meme coins, are you also optimistic about XRP itself?
Wouldn't it be interesting if enough Meme value gives birth to a mature XRPL ecosystem?
Original link
