The XRPL ecosystem has witnessed a remarkable surge in meme coin activity, with the ARMY token emerging as a standout performer over the weekend, capturing the attention of crypto investors and traders.
Data reveals a staggering 92% increase in XRP's value over the past seven days, with meme coins on the XRPL network experiencing even more dramatic growth. The ARMY token, an 18-month-old cryptocurrency named after the XRP enthusiast community, demonstrated extraordinary momentum, rocketing from under $1 million to a peak market capitalization of $90 million in just days.
Key performance metrics highlight the token's explosive potential:
- Market cap trajectory: $1M (Nov 26) → $90M (Sunday) → $47M (current)
- Individual trader success: One investor transformed a $478 investment into over $500,000 in realized and unrealized gains within 21 days
The XRPL meme coin ecosystem has expanded rapidly, with tokens like BEAR and MAG joining ARMY in the top 10, each approaching a $30 million market capitalization. This surge has attracted cross-ecosystem interest, with crypto personalities from Solana and Ethereum taking notice.
Trading infrastructure has quickly adapted, with users leveraging platforms such as:
- FirstLedger (Telegram trading bot)
- Xaman (XRP wallet)
- Magnetic X (Decentralized exchange)
However, the ecosystem's trading volume remains relatively modest. ARMY recorded nearly $10 million in 24-hour trading volume, compared to 34 tokens achieving similar volumes on Solana.
The broader XRPL landscape saw additional excitement as XRP momentarily displaced Tether as the third-largest cryptocurrency by market cap. This milestone coincides with growing speculation about potential XRP exchange-traded funds and anticipated regulatory developments.
Not everyone is equally enthusiastic. Some crypto personalities, like the pseudonymous Noodles, have expressed skepticism about the meme coin phenomenon, highlighting the speculative nature of these rapid market movements.
The ARMY token's unprecedented growth underscores the dynamic and unpredictable nature of cryptocurrency markets, particularly within emerging blockchain ecosystems.
At press time, ARMY was nearly 27% up in the last 24 hours as it traded at $0.0002957 while the trading volume was 3.58% down to touch $35.05K and the market cap stood at $889.42K.