As the overall crypto market struggles to reclaim a bullish stance, XRP meme coin PHNIX has pumped over 50%.

In the last 24 hours, while Bitcoin (BTC) and Ethereum (ETH) have shown clear signs of struggle to reclaim a bullish stance, a few lesser-known coins have pumped double digits.

One of the top gainers, as per CoinGecko’s list, is Phoenix (PHNIX). PHNIX is an XRP (XRP) meme coin that has pumped from a 24-hour range of $0.00004662 to as high as $0.0000698.

PHNIX 24H price chart | Source: CoinGecko

Crypto analyst Gordon recently tweeted that meme coins on the XRP chain are exploding. He especially pointed out that PHNIX printed a massive God candle after a week of consolidation. Gordon also highlighted that it looks ready for its next rally.

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Author: Vignesh Karunanidhi

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