The XRP rally has sparked a new trend of creating meme tokens on the Ripple protocol. These tokens are being created on the XRP Ledger (XRPL) and are gaining traction among the Ripple community. The meme tokens are highly volatile and trade at a fraction of the price and liquidity of Ethereum or Solana memes. Despite the risk, long-term XRP holders are using their tokens to participate in the meme frenzy. The most liquid meme token, ARMY, has a market capitalization of $40.5 million. However, a major concern with XRPL meme tokens is that their liquidity is unlocked, increasing the risk of a rug pull. The meme frenzy has attracted potential venture capital backing for the First Ledger platform. XRPL meme tokens are attempting to stand out and build a wider ecosystem within the XRP community.



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