I noticed something interesting about many memecoins on XRPL. In many cases, nearly all of their liquidity is in the form of an AMM between XRP and the memecoin. This means that if the price of XRP (say, measured in dollars) goes up, say, 5%, the price of the memecoin (again,…

David "JoelKatz" Schwartz

???

https://x.com/JoelKatz/status/1896486000706359308

icebreaker.xyz/0xen |
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chief shitposting officer @ /builders-garden 🌳 • currently /farville 🌽

right, but it’s funny that xrp founder is just discovering how amms work

I mean, you can even experience this on very low volume stuff on base

E.g. you sell 15 cents of a shitcoin, but dexscreener shows a green candle, just because eth pumped