XRP Meme Coins Steal the Spotlight as ARMY Rockets

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.

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. Critics point to the nascency of the ecosystem and its tools, with trading volumes for XRPL meme coins lagging behind blockchains like Solana.

ARMY’s $10 Million in 24-hour trading volume pales against Solana, where 34 meme coins surpass that figure daily.

Will the Hype Last?

Despite the buzz, the rapid rise of XRPL meme coins comes with risks. XRP’s history of volatile price swings looms large.

In 2021, the token surged to nearly $2 before losing 75% of its value within two months. In 2018, it crashed 92% after hitting its all-time high of $3.40.

The excitement around XRPL meme coins like ARMY is undeniable. However, questions about sustainability and the long-term viability of these assets remain. For now, degens are diving in headfirst, chasing gains and hoping this time will be different.

XRPL Fee Reduction: A Boost for Accessibility and Growth

The XRP Ledger (XRPL) cut account and object reserve fees by 90%. The account reserve fee dropped from 10 XRP ($27.30) to 1 XRP ($2.73).

The 90% drop in XRP Ledger fees makes the network more accessible, especially for meme coin and NFT traders. Lowering the account reserve fee from 10 XRP to 1 XRP frees up excess XRP in wallets, encouraging more activity.

This move comes at a perfect time as meme coins like ARMY are surging. With XRP’s price rising, the reduced fees could attract even more users and developers, boosting the ecosystem further.