While Solana bros have been busy with their tenth Pump.fun rug this week, something interesting has been brewing on XRPL. Meme markets are coming to XRP, and most people are completely sleeping on it.
Let's break down what's actually happening, look at the current state of meme token trading on XRP, and why First Ledger might just be the canary in the coal mine for a massive wave of degen activity.
First Ledger: The Pioneer
First Ledger - The meme token marketplace on XRPL
First Ledger has been quietly building the meme token infrastructure on XRPL. And when I say quietly, I mean nobody is fucking talking about it.
The platform allows users to discover, trade, and track meme tokens on the XRP Ledger. Looking at their interface, we can see several established tokens already trading:
Top Tokens on First Ledger (as of analysis):
Key Observation
These tokens have been trading for over a year in some cases. This isn't a flash in the pan. There's an established community of XRP degens that have been trading memes while everyone else was distracted by Solana dog coins.
Why XRP is Perfect for Meme Markets
Let's talk about why XRPL is actually technically superior for meme token trading:
3-5 Second Finality
Your trades settle before you can even refresh the page. No waiting 15 minutes for Ethereum to maybe confirm your tx.
Near-Zero Fees
We're talking fractions of a cent per transaction. Trade all day without gas eating your profits.
No Network Outages
XRPL doesn't go down when there's a popular mint. Looking at you, Solana.
Massive Existing User Base
XRP holders are the OG diamond hands. These people held through the SEC lawsuit. They're not selling.
The Untapped Volume
Here's where it gets interesting. The current meme token volume on XRPL is embarrassingly small compared to the potential.
Let's do some napkin math:
- •XRP market cap: ~$140B
- •Daily XRP volume: $5-10B
- •Current meme token volume on XRPL: ~$100k/day
- •Solana meme coin daily volume: $500M-1B+
If XRP meme markets capture just 1% of the Solana meme volume, that's 50x growth from current levels.
What's Missing
First Ledger is a good start, but the XRP meme ecosystem needs more:
This is exactly what XRP.WTF is building. We're taking everything that works on Pump.fun, removing the garbage, and putting it on the fastest, cheapest chain that actually stays online.
The Bottom Line
The XRP meme market is in its infancy. First Ledger has proven there's demand. The infrastructure is being built. The only question is: are you going to be early, or are you going to FOMO in at the top?