PHNIX meme coin was born on the XRP Ledger and was listed on the first major centralized exchange MEXC. 🎉 The PHNIX/USDT pair saw a trading volume of $425.63K with 6.16 billion tokens in 24 hours, and its price increased by 116%. However, the rise of meme coins is not always sustainable. The XRP community sees PHNIX as a mascot. Other popular XRPL meme coins include ARMY, 589, XPILL, and RIPPIE.