XRP reached a new high last week, surpassing its previous record since 2018. This upward trend coincided with a resurgence of activity around XRP meme tokens, sparking increased transactions across the XRP Ledger.
According to DappRadar, the past seven days have seen a 108% rise in decentralized application (dApp) volume and a 2.2% increase in active wallets within the XRP network. This growth has further fueled momentum around the network, showcasing its continued expansion.
The state of XRP meme coins
Meme tokens linked to XRP have experienced significant gains, with ARMY leading the way. ARMY rose to a new all-time high of $0.19 on 15 January, reaching a peak market cap of $112million. This token is a tribute to XRP’s loyal supporters, often referred to as the ‘XRP Army’.
Other meme tokens also performed well. PHNIX and LIHUA both recorded over $1m in secondary trading volumes within a single day. Their respective market caps climbed to $46m and $35.4m, highlighting the increasing popularity of meme tokens tied to XRP.

This activity reflects a trend that began in December when the XRP Ledger saw a surge in account activations and transaction volumes. During that time, ARMY briefly hit a $100m market cap before dropping to $20m. The latest rally suggests a revival of interest in meme tokens, supported by XRP’s strong performance.
XRP itself is currently trading at $3.07, with an 88% ‘bullish sentiment’ on CoinMarketCap. Meanwhile, Sologenic (SOLO), another prominent token on the XRP Ledger, has been gaining traction as well. SOLO’s market cap increased by over 200% since November, with a 7% jump in a single day and a 25% rise last week.
The XRP Ledger became more cost-effective in December when validators approved a 90% reduction in reserve costs. This change has made the network more accessible, leading to an uptick in usage. Data from DappRadar indicates a rise in unique active wallets and dApp transactions, aligning with the growing interest in XRP meme tokens.

How to buy XRP meme coins
Currently, the only viable option to purchase XRP meme coins is through First Ledger. It’s a meme coin launchpad for the XRP network, similar to how Pump.fun works on Solana. Here is a step-by-step guide to acquiring XRP-based meme tokens:
- Access First Ledger
Start by accessing the First Ledger platform via the website. This platform is recognized as one of the fastest and most efficient ways to trade XRP meme tokens. Open First Ledger and click ‘Start’ to begin. If you follow the prompts, it will take you to Telegram, as the platform works through Telegram integration. - Set up a wallet
Create a new XRP wallet by selecting ‘Open Wallet’. Enter a name and password for your wallet and securely store the recovery phrase provided. - Fund your wallet
Add funds to your wallet by selecting ‘Receive’ and transferring at least 10 XRP to your First Ledger wallet. If you don’t own XRP yet, you can purchase it on platforms like Coinbase before transferring it to First Ledger. - Buy meme tokens
After funding your wallet, you can purchase your desired meme token. Visit the First Ledger website, select the token, and copy its URL from the menu. Paste the URL into the First Ledger Telegram bot to open the purchase menu. Enter the desired quantity and follow the instructions to complete your transaction. - Sell meme tokens
To sell your tokens, navigate to the ‘Positions’ menu in the First Ledger interface. Select the token, specify the quantity to sell, and confirm the sale through the bot.
XRP’s strong performance and growing ecosystem, coupled with the popularity of meme tokens, signal a dynamic phase for the network. These developments highlight the XRP Ledger’s potential as a thriving hub for blockchain-based innovation.
User caution
It’s important to understand that First Ledger is a relatively new platform, available for less than a year, and users should approach it with caution. While it provides a quick way to access XRP meme tokens, some users have reported issues with its functionality. If you choose to use the platform, allocate only small amounts of funds to your wallet to mitigate potential risks.
Additionally, phishing scams targeting First Ledger users are on the rise. Scammers create fake platforms and bots with similar names to steal funds. Always verify the authenticity of the platform by using official links and avoid interacting with unsolicited messages or links claiming to represent First Ledger.
It’s also important to understand that meme coins, particularly those on the XRP Ledger, are highly volatile. With their low market caps, XRP meme coins can experience significant price swings, which may result in substantial losses.
Trade responsibly, do thorough research, and avoid investing more than you can afford to lose.
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01.
Is it safe to trade XRP meme coins?
Trading XRP meme coins carries significant risks. The XRP Ledger (XRPL) has seen a surge in meme coin creation due to platforms like Memepad, which simplify token creation. Many of these tokens lack substantial projects or utility behind them, making them highly speculative. Engaging in these investments can lead to substantial financial losses.
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02.
What is the XRP Ledger (XRPL)?
The XRP Ledger (XRPL) is a decentralized, open-source blockchain platform launched in 2012 by Ripple Labs. It facilitates real-time gross settlement, currency exchange, and remittance services. The XRPL operates on a consensus protocol, allowing for fast and efficient cross-border transactions. Its native cryptocurrency is XRP, which serves as a bridge currency in transactions involving different fiat currencies.
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