The post XRP Meme Coins Steal the Spotlight as ARMY Rockets appeared on BitcoinEthereumNews.com.

The XRP ecosystem is buzzing with excitement, but this time, it’s not just the token that’s making waves. Meme coins on the XRP Ledger (XRPL) are skyrocketing, riding the momentum of XRP’s massive 400% rally this week. ARMY, the breakout star, has emerged as a leading player in this meme coin frenzy. ARMY, inspired by the devoted XRP Army, has seen its market cap leap from under $1 Million on November 26 to a staggering $90 Million at its peak. – Advertisement – Although it has cooled to around $47 Million, early investors are celebrating huge profits. One trader reportedly turned a $478 investment into $100,000 in realized gains, with another $400,000 on the table, according to DEX Screener. Other meme coins like BEAR and MAG are also gaining traction, each climbing to market caps near $30 Million. This surge highlights the growing interest in the XRPL ecosystem, which is starting to lure traders from rival blockchains. XRP’s Rally Fuels Meme Coin Craze XRP’s price surge has provided a perfect backdrop for meme coin growth. Up 92% in the last seven days, XRP reached a six-year high of $2.48, solidifying its position as the third-largest cryptocurrency by market cap. – Advertisement – This rally has been powered by speculation about an XRP ETF and the potential launch of Ripple’s RLUSD stablecoin. South Korean traders have been a key driving force. On Upbit, the XRP/KRW pair saw $6.03 Billion in trading volume on Monday, surpassing Bitcoin. This influx of liquidity is also spilling into XRPL meme coins, amplifying their appeal. Source_@VikingXBT X The XRPL meme coin ecosystem is catching attracting traders outside XRP’s traditional base. Influential figures on X (formerly Twitter) are sharing guides on trading tools like FirstLedger, Xaman Wallet, and Magnetic X, XRPL’s decentralized exchange. However, many are unconvinced.…

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Filed under: News - @ December 4, 2024 12:26 am