Ripple-Based Memecoins$XRP Are Gaining Popularity
The ARMY token, which refers to the Ripple community known as the XRP Army, has jumped by almost 30% in the last 24 hours. In just one week, the memecoin's market cap has increased from $1 million to $90 million. However, by the time of writing, this figure has been corrected to $38 million.
Another "meme" coin in the Ripple ecosystem, 589, has increased in price by 100% in the past seven days. Meanwhile, the asset's market value has reached $8 million. The asset is named after the target price for XRP.
The success of ARMY and the impressive growth of XRP have led to more memecoins appearing on the XRP Ledger (XRPL) network. The above-mentioned tokens were created just a few weeks ago, when the price of Ripple’s native coin reached its highest level in six years.
The RIPPY asset, launched this week, saw an unprecedented 22,825% price increase at its peak.
“A $1B+ memcoin is coming to the XRP blockchain soon. XRP holders are just regular people like everyone else, it’s going to happen,” wrote on-chain analyst Tradinator on X (formerly Twitter).#2024withBinance
