Ripple Meme Coins Witness Unprecedented Growth on the Back of XRP Surge | BinanX News

Ripple’s

The surge comes in the wake of a resurgence in Ripple’s XRP token, which is up 88% in the past seven days, a feat that catapulted it to the third-largest cryptocurrency by market capitalization.

ARMY initial load

The initial loading of the XRPL meme coin was led by ARMY, a token that has been around for about a year and a half. It is inspired by the huge XRP community, popularly known as the “XRP Army”.

Data of Dexscreener shows that over the past week, ARMY’s market capitalization grew from less than $1 million to a staggering $90 million at its peak before stabilizing around the $47 million level. However, it has since fallen even further, losing more than half its value in 24 hours. Still, its valuation of $26.3 million places it as the meme coin with the highest capitalization in the XRPL ecosystem.

Early investors benefited greatly from the meme coin’s initial jump, with one trader reportedly turning a $478 purchase into more than half a million in realized and unrealized profits in less than three weeks.

Another token that quickly became popular was 589, named after the community’s aspirational price target for XRP. It reached a market capitalization of $8 million at one point, boosted by a 160% price increase in 24 hours. However, at the time of writing, it was changing hands at approximately $0.0005513, bringing its total value down to $2.9 million.

New Meme Coins Gain Momentum

ARMY’s success and XRP’s momentum in the broader crypto market have inspired dozens of new meme coins on

Dexscreener shows that the best-performing At the time of writing, the token, which is only a few days old, was still up 17.694%, priced around $0.00116, putting its market capitalization in the range of $1.1 million.

The second best XRP meme token was XPILL, up 13,128%, according to Dexscreener, with a modest valuation of $88,000. Another new coin, PHNIX, has also skyrocketed over 12,000% since its launch. SAM, bwif, RIPPIE and NOX also recorded rallies of over 1,000% in 24 hours, with bwif performing particularly well in the last six hours, having gained 7,710% in its price in that period.

The growth of these XRPL tokens has not gone unnoticed, with influential Ethereum and Solana traders now exploring the chain and even offering tutorials to guide new entrants on how to trade meme coins on Ripple.