# Left Curve | XRP Memecoin Onboarding 101 > Loose thoughts on memecoin onboarding for the left curve. Educational purposes only. - Publisher: Shoal Research (https://shoal.xyz) - Author: Gabe Tramble - Category: DeFi - Published: 2024-12-02 - Canonical: https://shoal.xyz/research/writing/left-curve-xrp-memecoin-onboarding/ - Keywords: crypto, DeFi, MEV, infrastructure, Solana, Ethereum, Bitcoin This is for educational purposes only and does not constitute financial advise, these are my loose thoughts put on paper and NOT an endorsement of any dex, bot, or coins. ## Intro | Lets get this out of the way I can’t describe how bearish I am on XRP's institutional adoption as remittance in the long term. Not to mention the CEO publicly fudding Bitcoin on multiple occasions. The list of infractions is so long it’s not even worth the time to go through it. Just a year ago, mentioning XRP on crypto Twitter would have gotten you socially shunned and ostracized —sorry, Raoul. But price action changes everything, and the XRP army is finally having their moment. Today, they’re having their day. [https://x.com/raoulgmi/status/1863358055469002807?s=46&t=txFAbiSPTdLLDlAYj9X_AA](https://x.com/raoulgmi/status/1863358055469002807?s=46&t=txFAbiSPTdLLDlAYj9X_AA) ## Rules To continue this article, you need to put your left-curve hat on or close the app—simple as that, because this won’t be for everyone. Back during the 2021 bull run, I was absolutely bombarded by normie friends asking about DOGE and SHIB. I told them to focus on “real applications” like ETH. While that advice wasn’t necessarily bad, the real opportunity was, in fact, DOGE and SHIB, purely based on the sheer size of inbound interest which was THE SIGNAL. At that time, I was speaking instead of listening. This time, I’m listening as normie retail rally cry rings through the halls as they tell CT exactly which coins they’re selecting. ## Thesis The thesis is simple and unapologetically degenerate: XRP is the 4th largest coin—scratch that—XRP is the 4th largest ecosystem coin by market cap. This marks a significant shift, in narrative. The original XRP thesis centered on banking remittance, but the real window of opportunity (which could be short lived) now lies in the ecosystem. Specifically, it's about the memecoins launching on XRPL, the smart contract platform. The XRP community is arguably the most cult-like in the cryptospace, rivaled only by Bitcoin holders. Figure A: Don't you just love the quadrillion dollar tiktok market cap shills 😍 [https://x.com/altcoingordon/status/1862871207147622493?s=46&t=txFAbiSPTdLLDlAYj9X_AA](https://x.com/altcoingordon/status/1862871207147622493?s=46&t=txFAbiSPTdLLDlAYj9X_AA) Despite a consistent downtrend since 2018, they somehow continue to attract new ecosystem participants. This resilience is largely fueled by the euphoria of 2018, which left a lasting impression on sidelined onlookers, many of ones I know personally keep asking me about XRP. Fast forward to today, and many retail investors returning to the space are gravitating toward the coins they remember from their past experiences. ## 2018 alts ripping | Retail is back [https://x.com/blknoiz06/status/1862587895921483847?s=46&t=txFAbiSPTdLLDlAYj9X_AA](https://x.com/blknoiz06/status/1862587895921483847?s=46&t=txFAbiSPTdLLDlAYj9X_AA) As a top 5 market cap coin, the question arises: where does all the idle money go? XRP lacks native staking, and its DeFi ecosystem remains "underdeveloped", with much activity confined send and receive and hodling. This begs the critical question: where does the money flow when idle hands are looking for action? With limited options, these participants are likely to chase the next 100x memecoin opportunities, turning to speculative trading out of necessity rather than choice. ## The Play The play is straightforward: capitalize on memecoins and trading infrastructure within the ecosystem. Just as memecoins drove activity on Solana, fueling the growth of DEXs like Raydium, Jupiter, and even Jito with its MEV capture and network tips, the same dynamic could unfold on XRPL. ## Buying coins on XRPL 101 ## Option: 1 First Ledger Bot To buy coins *easy* you need to use the @First_Ledger telegram bot. You can send XRP coins directly from an exchange like coinbase, binance etc. Posting 3 times to emphasis the referral code SHILL 1. [https://t.me/firstledger_bot?start=ref_Kd12wTPQkH01](https://t.me/firstledger_bot?start=ref_Kd12wTPQkH01) 2. [https://t.me/firstledger_bot?start=ref_Kd12wTPQkH01](https://t.me/firstledger_bot?start=ref_Kd12wTPQkH01) 3. [https://t.me/firstledger_bot?start=ref_Kd12wTPQkH01](https://t.me/firstledger_bot?start=ref_Kd12wTPQkH01) Contract addresses Without getting into the technicals the best way to pull a CA and paste it into a bot is getting the address from the URL on dexscreener. Dexscreener SOMETIMES keeps the URL in case sensitivity when it is pulled. For some reason First ledger requires case matched, so paste that part of the URL into XRPscan to easy pull the case sensitive version (case means capitals included). This may update change overtime but you get the gist. https://xrpscan.com/account/rGHtYnnigyuaHehWGfAdoEhkoirkGNdZzo This is the contract from a URL: https://dexscreener.com/xrpl/7363726170000000000000000000000000000000.rghtynnigyuahehwgfadoehkoirkgndzzo_xrp Case sensitivity matters with the bot 1. Good: rGHtYnnigyuaHehWGfAdoEhkoirkGNdZzo 2. Bad: [rghtynnigyuahehwgfadoehkoirkgndzzo](https://dexscreener.com/xrpl/7363726170000000000000000000000000000000.rghtynnigyuahehwgfadoehkoirkgndzzo_xrp) ## Note: 10 XRP hold When creating a new wallet there is a 10 XRP hold on all new wallets and this is used to prevent network spamming. when you delete the wallet you get the 10 XRP back. I wouldn't mess with this - its the cost of doing business, pay the fee and keep the wallet. First Ledger Debugging and Fixes - People have had issues setting up a wallet (Wait for fix or use option 2) - People having issues with buying on mobile (Wait for fix or use option 2) ## Option: 2 Xaman wallet + xmagnetic webapp As a two part second option, you can use the @XamanWallet wallet with the @MagneticXRPL web application, and you can execute trades on mobile by bringing up the xMagnetic mobile webapp on browser, which will pair with your [@XamanWallet](https://x.com/@XamanWallet) on mobile. This setup allows you to execute trades on mobile without using the Telegram bot. 1. Xaman wallet: [https://xaman.app/](https://xaman.app/) 2. Xmagnetic: [https://xmagnetic.org/?network=mainnet](https://xmagnetic.org/?network=mainnet) ## Friendly Note Liquidity is low, and the charts swing wildly. If you pick a strong memetic play, give it some room to breathe. These coins can drop 50% and rebound multiple times within just a few hours. Rugs are everywhere and likely 99% of coins will rug at some point. ## Conclusion I mentioned how bearish I was on XRP as remittance. As a meme ecosystem, this is a fundamentally degenerate play, since the idle value can now flow into new speculative assets, kicked off by XRP price action. The users are here already, same as the ton play. But wait.. if you are bullish XRP memes, are you bullish XRP? Wouldn't it be funny if enough meme value catalyzes the development of a robust XRPL ecosystem. ggs chat