Luigi Skyrockets 500x, APPLE Whales In with 40M, and Solana Sees Another Gold Dog on-chain | What Memes Are Hot Today?

By: blockbeats|2024/12/10 13:00:01
0
Share
copy

Today, most mainstream cryptocurrencies are generally down, and market sentiment is somewhat subdued. However, on-chain transactions have not decreased significantly. Instead, several tokens worth paying attention to are quietly rising, attracting a lot of investor interest.

Lately, many popular tokens on the Solana leaderboard have been closely tied to social trends, especially as the hype from social platforms like TikTok continues to expand into the meme coin space. For example, the token based on a college student assassination case background, Luigi, surged to a market capitalization of 63.8 million US dollars in the early hours today, marking an increase of nearly 494 times. Similarly, the APPLE token based on the concept of an "apple-loving dog" has rapidly gained popularity on TikTok, drawing significant attention. Additionally, tokens related to AI and applications are also gaining heat, competing with these meme coins and collectively becoming the market focus.

TikTok Concept

Luigi

In the early hours today, Luigi token's explosive growth contrasted sharply with the overall market decline. This token is based on a social news background. The story behind it involves a 26-year-old man named Luigi Mangione, who was arrested by the police in a McDonald's in Altoona, Pennsylvania, for allegedly assassinating UnitedHealthcare CEO Brian Thompson. At that time, an employee recognized him from his wanted photo and alerted the authorities.

What's most surprising is that Mangione is a graduate from an Ivy League school from an affluent family and holds a bachelor's and master's degree in Computer Science from the University of Pennsylvania. Netizens believe that this incident is not just a murder case; it also involves profound societal issues across various aspects, including economic inequality, educational background, and mental health. Its popularity on TikTok is particularly high. The case has sparked widespread discussions in various media outlets, with everyone closely following the latest developments.

The peak market capitalization of the Luigi token reached 63.8 million US dollars, with a maximum surge of nearly 494 times. Despite some retracement, the overall trend is still upward, with significant market interest and trading volume.

Luigi Skyrockets 500x, APPLE Whales In with 40M, and Solana Sees Another Gold Dog on-chain | What Memes Are Hot Today?

Highest Market Cap: 63.18M

Current Market Cap: 42.49M

24h Trading Volume: 139.3M

High Profit on buy at today 12AM (GMT+8): 49400%; Current Profit 2252.94%

APPLE

The APPLE token originates from a viral TikTok video of a dog enjoying an apple. The short video of the dog quickly became popular on TikTok, surpassing 170 million views on December 8. Behind it lies a strong community effect, especially combining AI, the TikTok trend, Christmas marketing, and dogecoin culture in a comprehensive project, with great potential and hype space.

The token's surge began with its launch on December 4, initially receiving a lukewarm market response. However, it wasn't until Sunday afternoon that the price started to rapidly rise, reaching a peak market cap of $48.64 million before experiencing a pullback.

Netizens generally believe that the APPLE token is the next "chillguy" and "moodeng," both of which have also rapidly gained popularity on TikTok, becoming hot tokens. In addition, well-known investor Marc Andreessen also tweeted that this dog is a "good boy," further boosting the hype around the APPLE token.

Peak Market Cap: $48.64M

Current Market Cap: $20.46M

24h Trading Volume: $49.1M

Today's Highest Profit from 12AM (GMT+8) Buy: 140.00%; Current Profit 5.50%

$DAGO

The $DAGO token is centered around the classic Disney character, Scrooge McDuck, who is depicted in the comics as the richest duck in the world, with a particularly large global fanbase. Leveraging the influence of TikTok and Telegram, this token has become a hot topic on current social media, especially the trend on TikTok driving its exposure. The DAGO token's market cap soared to $10.21 million but later experienced a pullback, with the current market cap at $2.33 million. Nevertheless, the current market frenzy surrounding the token is still significant.

Peak Market Cap: $10.21M

Current Market Cap: $2.91M

24h Trading Volume: 25.9M

Today's Highest Buy Profit at 12AM (GMT+8): 29.69%; Current Profit: -54.69%

Application Category

JAIL

Jail is an open-source decentralized application where users can test AI models and discover potential vulnerabilities. If you successfully find a vulnerability and "jailbreak" it, you will receive a reward from the platform, jokingly referred to as "human rebellion against AI."

This project was very popular right from its weekend launch, reaching a moonshot3 shortly after creation, with a market cap exceeding $20 million. Within less than a day of launch, the market cap peaked at $20.92 million, but has now dropped to $8.37 million. Interestingly, the Jail token did not receive much attention from most VC firms; instead, it garnered more interest from key opinion leaders (KOLs) in the primary market and the community. This characteristic led netizens to believe that it relies more on community support for its growth.

Jail token's 24-hour trading data shows that today's highest profit reached 12.03% at one point, but the current ROI is -46.20%, indicating significant market volatility.

Highest Market Cap: 20.92M

Current Market Cap: 8.37M

24h Trading Volume: 36.4M

Today's Highest Buy Profit at 12AM (GMT+8): 12.03%; Current Profit: -46.20%

MIKO AI

The MIKO token is closely tied to virtual girlfriend culture, with the concept being "Your kawaii virtual girlfriend as the ultimate partner in everything," combining famous anime characters with AI concepts. Leveraging the appeal of anime and otaku culture, MIKO has successfully attracted a large number of male otaku fans. It has also capitalized on the trendiness of AI technology and TikTok.

MIKO's token saw a breakout yesterday around 9 PM, with the token skyrocketing 100x shortly after launch, reaching a market cap of $59.34 million. Subsequently, the token price has maintained high levels, forming a typical right-angled candlestick pattern, demonstrating strong market support.

Market Cap: 59.34M

Current Cap: 51.73M

24h Trading Volume: 27.9M

Today's Highest Profit from 12AM (GMT+8): 63.38%; Current Profit 29.58%

SORAI

The SORAI token is built around an AI-generated image of a little girl, with speculation from the community linking it to OpenAI's video-generating AI project "Sora." Although the $SORAI website only provides relevant data without further information, its unique background and potential have garnered significant attention, leading to increasing popularity and relatively good trading volume. The token experienced explosive growth after its launch, reaching a peak market cap of 3.52 million USD at one point, marking a 36x increase, followed by a quick pullback and significant volatility.

Market Cap: 3.52M

Current Cap: 1.32M

24h Trading Volume: 21.3M

Today's Highest Profit from 12AM (GMT+8): 3081.82%; Current Profit 1136.36%

You may also like

MYX Case Analysis: The Complete Harvesting Tactics Behind the Fake Surge of Cryptocurrency Tokens

MYX Case Analysis: The Complete Harvesting Tactics Behind the Fake Surge of Cryptocurrency Tokens

Gate founder Dr. Han: The crypto winter drives structural reshaping, and everything on-chain will become a new paradigm in finance

Gate CEO Dr. Han appeared at the Hong Kong Web3 Carnival, emphasizing that "everything will be on-chain" will reshape the future of finance, and announced the acceleration of building an integrated trading hub that connects crypto and traditional assets.

Is XRP a Good Investment in 2026? Why Is It Stuck at $1.45

XRP is up 6.7% this week, but exchange reserves remain high. Is a volatility spike imminent? We analyze price trend, ETF inflows, whale activity, and regulatory catalysts to answer: will XRP go up, why is XRP dropping, and is XRP a good investment right now?

TL; DR

What is XRP: XRP is a digital asset built for fast, low-cost international payments. It runs on the XRP Ledger and is used by Ripple for its On-Demand Liquidity (ODL) service. Unlike Bitcoin, XRP settles transactions in 3-5 seconds with near-zero fees.Why is XRP Dropping: XRP is not actively dropping, but it is struggling to rise. On the monthly chart, XRP has seen six consecutive months of decline. Currently, the price faces an additional supply wall at $1.45. About 1.24 billion XRP were bought in that range, and those holders sell when the price approaches, creating selling pressure that prevents a recovery.Will XRP Go Up: Potentially yes. XRP is trading near $1.43 and showing its best weekly performance since September 2025. If the price breaks above the $1.45 resistance, analysts expect a move toward $1.90, supported by strong institutional demand.Is XRP a Good Investment: The answer is not simple. Short-term traders may see opportunity in the coming volatility spike. Long-term investors face a bigger question that depends on one key regulatory event. However, the data reveals a surprising signal that most retail buyers are missing right now. To understand whether XRP is a smart buy or a trap at $1.43, you will need to read the full analysis below.What is XRP? A Digital Asset for Global Settlement

Before analyzing the charts, it is crucial to understand the asset in question. What is XRP? Unlike Bitcoin, which was designed as a decentralized digital gold, XRP operates on the XRP Ledger (XRPL). It was created to facilitate fast, low-cost international payments. Traditional bank transfers take days and incur high fees. XRP transactions settle in 3-5 seconds, costing fractions of a penny.

Ripple, the company associated with XRP, uses this asset for its "On-Demand Liquidity" (ODL) service. Banks and financial institutions use ODL to source liquidity during cross-border transactions without pre-funding accounts. This utility is the primary driver for institutional interest. Recently, the network hit a milestone of over 8 million active wallets, signaling growing usage despite recent price stagnation . Furthermore, Ripple is proactively preparing for the future, releasing a four-stage roadmap to make the XRPL "quantum-resistant," aiming to secure the ledger against future quantum computing threats by 2028 .

XRP Price Analysis: The Battle for $1.45

The XRP price trend over the last month tells a story of exhaustion followed by cautious recovery. On the monthly chart, XRP experienced six consecutive months of decline. However, April shows signs of a bottoming process. Weekly charts reinforce this view: after four weeks of lower closes, the last two weeks have seen small rebounds.

According to data from April 22, 2026, XRP is trading at approximately $1.44. Over the last seven days, XRP has outperformed both Bitcoin and Ethereum, rising 6.7% while the broader market rose only 3.2%. Spot trading volume surged 23% to $3.79 billion, and derivative markets saw $40 billion in futures volume on a single day.

Despite this, the price remains 60% below its July 2025 high of $3.65. The current technical picture shows a "low volatility grind" higher. The 20-day EMA is at $1.3924, and the 50-day EMA is at $1.4119, both acting as support . However, the immediate hurdle is the $1.45 resistance level. This price point has rejected every rally attempt in 2026.

Why is XRP Dropping? And Will XRP Go Up?

The primary reason for the recent "drop" (or lack of upward momentum) is not active selling, but rather the "supply wall." Data indicates that roughly 1.24 billion XRP tokens were purchased by investors in the $1.45 to $1.47 range. These investors have been waiting months to "break even." Every time the price approaches $1.45, these holders sell to exit their positions, creating a massive wall that retail buying cannot easily absorb.

However, the underlying momentum is shifting. Analysts suggest a xrp volatility spike imminent because the absorption capacity of buyers is increasing. Historically, when exchange reserves are high but the price refuses to drop significantly, it signals that buyers are absorbing the supply. The price has held above $1.39 despite the overhang, which is a sign of relative strength.

So, will XRP go up? Yes, potentially. But it needs a catalyst, if the price closes a daily candle above $1.45. If that happens, the next targets are $1.60 to $1.65, and eventually $1.90 .

XRP Exchange Netflow and XRP ETF Netflow: A Tale of Two Markets

The current market dynamic is best understood by looking at two opposing data streams: XRP Exchange netflow and XRP ETF flows.

Exchange Dynamics (Retail / Whales):

Data shows a complex pattern of "large inflows and increasing reserves." Recently, a Ripple-associated wallet moved 75 million XRP (approx. $108 million) to Coinbase. This initially looks like a dump, but context matters. These transfers are likely to provide liquidity for Ripple’s ODL business, not necessarily spot market selling. However, the result is that exchange reserves have climbed to 2.76 billion XRP .

The Good News: While reserves are high, the rate of increase is slowing. Specifically, "whale" transfers to exchanges have dropped 98% from their April 11 peak. The Binance reserve has slightly decreased from 27.7 to 27.6 billion. The aggressive selling from large holders appears to have stopped.

Institutional Dynamics (ETF):

While whales were sending coins to exchanges, institutions were buying XRP ETF products. XRP ETF net flow is strongly positive.

US-listed XRP ETFs recorded four consecutive days of inflows totaling $38.86 million recently .The weekly inflow for mid-April hit $119.6 million, a multi-month high .Cumulative net inflows stand at $12.8 billion, with Assets Under Management (AUM) at roughly $10.8 billion.Analyzing the Divergence: Why Both Flows Are Positive

It seems contradictory that exchange reserves are high (suggesting selling) while ETFs are buying (suggesting buying). However, this phenomenon reveals the current market structure.

Different Investor Profiles: The exchange inflows likely come from short-term traders, market makers, or Ripple itself providing ODL liquidity. These are "hot" coins ready to be sold. The ETF inflows represent "sticky" capital. Institutions buying ETFs are typically long-term holders (LTHs) or asset managers who do not day-trade. They are removing liquidity from the spot market by buying through custodians.The "De-risking" Trade: Sophisticated funds might be engaging in basis trading. They buy the ETF (taking a long position) while simultaneously shorting XRP futures or selling spot inventory to capture the funding rate. This keeps the price stable while volume increases.Absorption: The most likely scenario is that the market is simply absorbing the excess supply. The fact that the price is stable ($1.43) and not collapsing to $1.20 despite 2.76 billion coins sitting on exchanges is a massive win for the bulls. The ETF inflows are acting as a sponge, soaking up the selling pressure from the ODL wallets.The Regulatory Catalyst: The SEC and the CLARITY Act

Fundamentally, the recent price action cannot be separated from regulation. For years, the primary answer was the SEC lawsuit. That narrative is dying.

Ripple CEO Brad Garlinghouse recently praised SEC Chair Paul Atkins as "a breath of fresh air and sanity" . This regulatory thaw is critical. The SEC is reportedly considering dropping the long-standing lawsuit, and five XRP ETF applications are awaiting review.

The major catalyst on the horizon is the CLARITY Act. A Senate markup is expected before the end of April. Standard Chartered analysts project that if the bill advances, it could unlock $4 to $8 billion in institutional flows . Polymarket gives the bill a 60-66% chance of passing in 2026. If the CLARITY Act classifies XRP as a non-security (commodity), the institutional floodgates will open, likely overwhelming the $1.45 supply wall instantly.

Is XRP a Good Investment in 2026?

Given all this data, is XRP a good investment? The answer depends entirely on your risk tolerance and time horizon.

The Bull Case (Why it is a good investment): The risk/reward ratio is asymmetrical to the upside. The price is near multi-year lows relative to its utility. Whale selling has stopped, ETF demand is rising, and the network is expanding (8 million wallets, quantum resistance roadmap). If the CLARITY Act passes, XRP could realistically trade between $1.60 and $1.80 in the short term, with a potential run to $3.00+ if the lawsuit is officially dropped.The Risk Case (Why it is NOT a good investment): There is a clear resistance wall at $1.45. If the CLARITY Act fails or is delayed past May (due to midterm election dynamics), the "buy the rumor, sell the news" dynamic could reverse. If the price fails to break $1.45 and loses support at $1.33, a drop back to $1.15 is technically possible .

Verdict: XRP is a speculative buy for traders looking for a volatility spike. It is a hold for current investors. For new investors, it is only a good investment if you believe in regulatory clarity within the next 30 days. Technically, waiting for a confirmed break above $1.55 (to avoid the fakeout) is safer than buying at $1.43.

FAQ

Q: Will XRP go up if the CLARITY Act passes?

A: Yes, historically. Analysts predict that if the CLARITY Act passes, signaling that XRP is a commodity, it would remove the regulatory overhang. This could trigger a surge in institutional buying, pushing the price from the current $1.43 range to test the $1.80 - $2.00 resistance levels quickly.

Q: Why is XRP dropping when Bitcoin is going up?

A: XRP has specific supply dynamics. Unlike Bitcoin, which has a fixed supply issuance, XRP faces periodic sell-pressure from Ripple's treasury wallets used to fund ODL (liquidity) services. Additionally, the $1.45 "break-even" wall causes XRP to drop relative to BTC when short-term traders exit.

Q: Is a volatility spike imminent for XRP?

A: Yes. The Bollinger Bands on the daily chart are squeezing. The price is stuck between support at $1.33 and resistance at $1.45. Historically, when XRP volume surges 23% in a week (as it did on April 21), it precedes a violent move. The direction depends on whether the $1.45 resistance breaks.

Q: What is the XRP ETF netflow status?

A: As of late April 2026, XRP ETFs are seeing positive netflows. The US ETFs recorded a single week inflow of $119.6 million in mid-April. Cumulative inflows are strong at $12.8 billion, indicating that institutions are accumulating during this dip, which is a long-term bullish signal for price stabilization.

Q: Is XRP a good investment for beginners?

A: XRP is less volatile than "meme coins" but more volatile than Bitcoin. For beginners, it is a moderate-risk investment. Its value is tied to real utility (bank payments). However, beginners should wait to see if the price can close a weekly candle above $1.55 before entering, to avoid buying into the current resistance wall.

Disclaimer: None of the information in this article constitutes, or is intended to constitute, investment advice. Trading cryptocurrencies carries a high level of risk and may not be suitable for all investors. Always do your own research.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 

Instagram: @WEEX Exchange 

Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobal Group

FC Barcelona vs Celta Vigo: Can Anyone Stop Barcelona at Home?

FC Barcelona vs Celta Vigo lineups, standings, and stats for April 22, 2026. FC Barcelona need a win to stay on track for the La Liga title. Full preview inside.

Carl Moon & WEEX Head to Mugello: The Crypto Trader's Ferrari Challenge

Forget the sidelines. WEEX is hitting the 300km/h mark at Mugello this weekend. Witness Carl Moon’s transformation from a supermarket cashier to a Ferrari racer, and discover why the world’s fastest trading floor belongs on the world’s most technical track at the official Ferrari Challenge.

How to Become a Pro Crypto Trader: WEEX Interview with Ferrari Racer Carl Moon

Ferrari racer Carl Moon on mastering crypto trading: 80/20 rule, AI tools, Bitcoin at $95K, and risk lessons from the track.

Popular coins

Latest Crypto News

Read more