The post XRP Ledger Meme Tokens See Rapid Value Growth in December appeared on BitcoinEthereumNews.com.

TLDR XRP has surged 92% in seven days, reaching seven-year highs and flipping Tether for third place by market cap ARMY meme coin on XRP Ledger jumped from $1M to $90M market cap in a week One early ARMY trader turned $478 into $500,000 in combined realized and unrealized gains Other XRP meme coins like BEAR and MAG have seen major gains, reaching $30M market caps Trading infrastructure for XRP meme coins is still developing, with lower volumes compared to other chains The XRP token has achieved a remarkable price increase of 92% over the past seven days, reaching levels not seen in seven years. This surge has propelled XRP past Tether to become the third-largest cryptocurrency by market capitalization, trailing only Bitcoin and Ethereum. In the wake of XRP’s price surge, a new trend has emerged on the XRP Ledger (XRPL): meme coins are experiencing unprecedented growth. Leading this movement is ARMY, a meme token named after XRP’s dedicated community of supporters, which has seen its market value skyrocket from less than $1 million to more than $90 million in just over a week. The rapid rise of ARMY has created notable success stories among early investors. One trader, who invested just $478 three weeks ago, has already realized more than $100,000 in profit and holds additional unrealized gains of $400,000, according to data from DEX Screener. ARMY isn’t alone in this surge. Other meme tokens on the XRP Ledger, including BEAR and MAG, have also seen their market caps climb to nearly $30 million each. This growth has attracted attention from traders typically focused on other blockchain ecosystems, including those from Solana and Ethereum communities. The increasing interest has led to the emergence of various trading tools and platforms. FirstLedger, a Telegram-based trading bot, has gained popularity among…

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Filed under: News - @ December 3, 2024 12:28 pm