Market Sell-Off Hits Hard, but These Meme Coins Are Holding Strong

Established meme coins on the XRPL, such as ARMY and PHNIX, have shown resilience during market downturns.

The emergence of platforms like Memepad and First Ledger has contributed to the proliferation of meme coins within the XRPL ecosystem.

While opportunities exist, investors should remain vigilant due to the high volatility and risks associated with meme coin investments.

Various meme coins now exist on the XRP Ledger (XRPL) which brings distinctive features with dedicated fan communities. Five important tokens include DROP, PHNIX, ARMY, BERT, and SIGMA.

DROP(DROP) – A Steady Force in the Meme Coin Market

Source: CoinmarketCap

The current market value of DROP stands at $421, with a minor drop of 9.76% since its previous closing price. The market reached its peak at $4.72 while reaching its minimum point at $4.10 during the day. The origins of DROP along with its community-based projects, remain unclear yet the XRPL features it as an established meme coin.

PHNIX(PHNIX )– Rising from the Ashes with Market Surges

PHNIX, symbolizing the mythical phoenix, is currently priced at $0.00002032, reflecting a 0.14% decline from its prior close. The token's intraday trading has fluctuated between $0.0000244 and $0.00001905. Recently, PHNIX garnered attention by surging over 50% in a single day, indicating growing interest within the XRPL community.

XRP ARMY(ARMY) – Backed by a Strong Crypto Community

The dedicated "XRP Army" community has motivated investors to choose ARMY at its current price of $0.050737, with a 15.2% decrease from yesterday's close. The exchange rates today start at $0.060179 while reaching a minimum point of $0.04719481. As one of the main XRPL meme coins ARMY maintains a $85.5 million market value and more than 11,000 wallet owners.

BERT – An Emerging Contender in the XRPL Space

BERT tokens traded at $0.0132491 per unit as of now while displaying a minor 0.16% dip from its most recent closing price. During the day BERT achieved its maximum value at $0.01584914 before dropping to $0.01303141. Information about when BERT started and the token's community remains limited though the coin continues as a part of the established meme coins listed on XRPL.