Original Title: Left Curve | XRP Memecoin Onboarding 101
Original Author: @zaddycoin, Crypto Kol
Original Translation: zhouzhou, BlockBeats
Editor's Note: The XRP ecosystem currently has no staking and the DeFi is not mature, so idle funds are going to play with meme coins on XRPL. The related operations are simple: use the First Ledger bot or Xaman wallet + WebApp for trading. But the problem to note is that the risks are high, liquidity is poor, prices can skyrocket and plummet, and rug pulls can happen at any time, but the popularity of meme coins may drive the rise of the XRPL ecosystem.
The following is the original content (reorganized for easier reading):
Introduction
It’s hard for me to express my pessimistic view of XRP as a long-term cross-border payment solution, let alone its CEO publicly downplaying Bitcoin multiple times. The list of issues with XRP is simply too long to even bother listing. Just a year ago, mentioning XRP on crypto Twitter would likely get you mocked or even ostracized—sorry, Raoul. But the price trend has changed everything, and now the XRP legion has finally welcomed their moment in the spotlight; today is their "victory day."
Rules
To continue reading this article, you need to put on your "left curve thinking" hat; otherwise, you can just exit—it's that simple; this content is not for everyone. Remember back in the 2021 bull market when my friends were frantically asking me about DOGE and SHIB? I told them to focus on things with "real applications," like ETH. While that advice wasn’t wrong, the real opportunity was actually DOGE and SHIB, purely because of the massive attention at the time; that was the signal.
I was talking then, not listening, but this time I choose to listen. When the cries of ordinary retail investors echoed across crypto Twitter, they clearly told us which coins they were choosing.
Core Viewpoint
This viewpoint is simple and unabashedly speculative: XRP is the fourth largest coin—no, to be precise, XRP is the fourth largest ecosystem coin by market cap, marking a significant shift in narrative direction. XRP was initially positioned as a tool for bank cross-border payments, but the real opportunity window (which may not last long) has now shifted to its ecosystem. Specifically, it is the meme coins issued on the XRPL (XRP Ledger) smart contract platform.
The enthusiasm of the XRP community is arguably the strongest in the crypto space.
It can be said that the XRP community is the most "religious" group in the crypto field, second only to the loyalty of Bitcoin holders.
Chart A:
Don’t you love those TikTok preachers boasting about XRP's "trillion-dollar" market cap?
Despite the downward trend in XRP's price since 2018, it has consistently attracted new ecosystem participants. This resilience mainly stems from the fervor of 2018, which left a deep impression on many observers; many people I know still ask me about XRP to this day.
Time flies, and many retail investors returning to the crypto market now tend to choose the coins they were familiar with in the past.
2018 Old Altcoin Surge | Retail Return
As one of the top five coins by market cap, the question arises: where is all this idle money flowing? XRP lacks a native staking function, and its DeFi ecosystem is still "underdeveloped," with most activities limited to transfers, receiving, and simple holding.
This raises a key question: when idle funds seek direction, where will they flow?
With limited choices, these participants are likely to chase the next "hundredfold" meme coin opportunity, forced into speculative trading rather than making proactive choices.
Strategy
The strategy is simple: seize opportunities in meme coins and trading infrastructure within the ecosystem. Just as meme coins drove the activity of Solana, boosting the growth of decentralized trading platforms like Raydium, Jupiter, and even Jito, a similar dynamic may replay on XRPL.
How to Buy Tokens on XRPL 101
Option 1: First Ledger Bot
To easily purchase tokens, you need to use the @First_Ledger Telegram bot. You can send XRP tokens directly through exchanges like Coinbase and Binance.
Getting the Contract Address
Without delving into technical details, the easiest way to get the CA and paste it into the bot is to obtain the address from the DEXscreener URL. Note that the DEXscreener URL can sometimes be case-sensitive, and the First Ledger Bot requires an exact case match.
Solution: Paste part of the URL into XRPscan to easily extract the case-sensitive version. This method may be updated over time, but the core process remains unchanged.
Here’s an example of a contract from a URL:
The bot is very case-sensitive:
Correct: rGHtYnnigyuaHehWGfAdoEhkoirkGNdZzo
Incorrect: rghtynnigyuahehwgfadoehkoirkgndzzo
Note: 10 XRP Locked
When creating a new wallet, all new wallets will be locked with 10 XRP to prevent the network from being attacked by spam transactions. When you delete the wallet, you can retrieve this 10 XRP. I suggest not getting hung up on this—it's the "ticket" to enter the market; just pay the fee and keep your wallet.
First Ledger Debugging and Troubleshooting
Some have encountered issues setting up wallets (waiting for fixes, or choose the second option).
Some have encountered issues purchasing on mobile (waiting for fixes, or choose the second option).
Option 2: Xaman Wallet + xMagnetic WebApp
The second option is divided into two parts:
Use the @XamanWallet wallet.
Operate with the @MagneticXRPL Web application.
Open the xMagnetic WebApp in your mobile browser, which can pair with the Xaman Wallet on your phone, allowing you to complete transactions without using the Telegram bot.
Friendly Reminder
Liquidity is low, and chart fluctuations are severe.
If you choose a strong meme coin strategy, give it some time to fluctuate. It may drop 50% within hours and then quickly rebound.
Rug pulls are everywhere; 99% of tokens may have the risk of running away.
Conclusion
I mentioned my pessimistic view of XRP as a cross-border payment tool, but as a meme ecosystem, it is fundamentally a speculative play. Idle value can now flow into new speculative assets triggered by XRP's price movements. Users are already in place, similar to the play with TON.
But wait… if you are optimistic about XRP meme coins, do you also have faith in XRP itself?
If enough meme value spawns a mature XRPL ecosystem, wouldn’t that be interesting?
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