What is XRP’s Alleged New Meme Coin ‘Bitcoin Maxi Tears’?

A new meme coin called Bitcoin Maxi Tears (BMT) has launched on the XRP Ledger (XRPL), playfully poking fun at the rivalry between Bitcoin Maximalists and the rising XRP community. The coin is designed to celebrate the long-standing tensions with Bitcoin supporters, with its creators jokingly encouraging them to “cry harder” as XRP continues to gain traction.

Reacting to the news, attorney and XRP supporter Jeremy Hogan said, “Good things to come out of all the BTC maxi attacks against XRP: a more united community, and some funny memecoins on the XRPL!”

The Rise of BMT on the XRPL

The creation of the Bitcoin Maxi Tears token has caused a stir, both as a fun way to poke at Bitcoin Maxis and as a growing asset on the XRPL. Within just 24 hours, BMT saw significant activity, with a 120% increase in 24-hour trading volume. It is listed on decentralized exchanges like ZenDex and X magnetic, making it accessible to those interested in the token. The meme coin plays into the rivalry with Bitcoin Maximalists, who have often been outspoken against XRP, making BMT both a playful jab and a statement about XRP’s resilience.

XRP Dominating the U.S. Coin Scene

XRP has made a splash recently, holding the top spot in CoinGecko’s “Made in USA” coins by market cap, surpassing other coins like Solana and USDC. With a total market cap of $559 billion for U.S.-based coins, XRP is firmly in the lead, much to the dismay of Bitcoin Maximalists. The rise of XRP, especially as it challenges Bitcoin’s dominance, has triggered backlash from some corners of the cryptocurrency community, further fueling the creation of meme coins like BMT.