How to Trade Memecoins on the XRP Ledger

With XRP soaring more than 400% in the past month to become the third-largest digital asset by market capitalization, activity in Ripple’s nascent DeFi ecosystem is heating up. Naturally, degens are piling into memecoins on the XRP Ledger (XRPL), with ARMY - which we flagged in the Telegram group at $2M - surging to $100M over the weekend before pulling back. While it’s too early to tell if XRP season will fizzle out just like Tron and other brief metas, it’s always good to be prepared for the next potential 10x trade. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io