Hot Tokens Learning Week 6: Solana Meme Revival | 2026 as a Potential Transformational Year for XRP

Overview

DOGE shark wallets (users holding 10 million –100 million DOGE) are accumulating, while whale wallets (users holding 100 million –1 billion DOGE) remain on the sidelines.

Grayscale Outlook: 2026 is the transformational year for XRP and the beginning of the institutional era.

PIPPIN showed high volatility and speculative drivers this week, primarily influenced by the Solana ecosystem's meme revival and AI meme narrative.

BONK's community engagement is extremely high, with overall sentiment strongly positive.

WIF is regarded by the community as a “blue‑chip meme”, though volatility risks remain and monitoring support levels and volume is recommended.

DOGE

Project Introduction

Dogecoin (DOGE) is the first meme coin, created in December 2013 by Billy Markus and Jackson Palmer. It uses the Scrypt-based Proof-of-Work (PoW) consensus mechanism, with about 1-minute block times, fast transactions, and low fees, making it suitable for small payments and tipping.

On-chain Data

Volume and Activity: The 24‑hour trading volume has been rising among volatility and has exceeded the 30‑day average by more than 40% during recent breakouts, indicating increased short‑term participation. However, overall retail demand remains subdued. Shark wallets (users holding 10 million –100 million DOGE) are accumulating, possessing approximately 17.63 billion DOGE, while whale wallets (users holding 100 million –1 billion DOGE) are relatively inactive, holding around 34.59 billion DOGE, suggesting cautious behavior among larger holders.

Community Views

The Dogecoin community remains loyal, but sentiment is diverging at the start of 2026.

Bullish: Many users emphasize DOGE’s original ethos of charity, memes, and community fun. Approximately 87% of community sentiment supports DOGE price appreciation.

Neutral/Bearish: Weighted social sentiment stands at -0.60, indicating that the community is pessimistic about upside potential. The broader market downturn has dampened enthusiasm, with some users complaining that discussions have shifted from charitable themes to price declines and “AI noise”.

Overall Consensus: Momentum in sentiment is improving but consensus is as low as approximately 0.93, with fragmented viewpoints. Loyal holders in the community view DOGE as a long‑term asset with potential to lead the meme sector in 2026; speculative traders, by contrast, focus on celebrity influence such as Elon Musk, but overall the ecosystem needs more substantive developments to bolster sentiment.

XRP

Project Introduction

XRP is the native digital asset of the XRP Ledger (XRPL), a decentralized Layer‑1 blockchain developed in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto, with Chris Larsen founding Ripple.

On-chain Data

XRP’s on‑chain indicators show evidence of growing institutional interest, although short‑term volatility remains elevated due to broader crypto market conditions and escrow unlock events.

Volume and Activity: The recent 24‑hour trading volume is around $450 million, with peaks exceeding the 30‑day average by 20%, indicating increased participation from institutional investors. Whale wallets holding over 1 million XRP have been accumulating, with their holdings currently accounting for 40% of the circulating supply, suggesting that larger stakeholders are accumulating while remaining relatively cautious. Ripple’s planned release of 1 billion XRP from escrow in early 2026 is ongoing, but may introduce short‑term sell pressure.

Ecosystem Development

Partnerships & Adoption: Ripple has established partnerships with 300+ financial institutions (e.g., Santander, PNC, and Standard Chartered), leveraging On‑Demand Liquidity (ODL), with XRP serving as the bridge asset for cross‑border payments, to reduce settlement costs and processing times.

Expected expansions in 2026 include UK liquidity approvals, banking licenses, card pilot programs, and expanded DeFi activity on XRPL via a dedicated $500 million ecosystem capital reserve. Ripple’s strategic acquisitions of Palisade, GTreasury, Hidden Road (now Ripple Prime) and Rail further extend custody, treasury management, and prime brokerage services.

Community Views

Bullish: Approximately 81% of community sentiment is positive, with a 4.2/5 conviction score. Users emphasize XRP’s institutional adoption, cross‑border payment utility, and increasing accessibility via ETFs. Many community posts reference Grayscale’s narrative that “2026 will be XRP’s transformational year and the start of the institutional era”. Many posts forecast price appreciation into the $3–$8 range and, in more aggressive scenarios, even $10–$50, underscoring the significant potential bullish catalysts from Ripple’s institutional partnerships (e.g., banks) and technology upgrades (such as ZK and RWA).

Netural/Bearish: The weighted social sentiment stands at approximately +0.45, with short‑term pessimists expressing concern about sell pressure from escrow releases and broader market volatility, arguing that prices may remain range‑bound until a new catalyst emerges. Some voices criticize the community for excessive “hopium” and warn about the risks of leverage and potential flash crashes.

Overall Consensus: Sentiment consistency is moderate (about 0.75), centering on institutional transformation rather than pure retail speculation. Compared with other crypto assets, the XRP community emphasizes real use cases, while remaining vigilant about short‑term price volatility risk.

PIPPIN

Project Overview: PIPPIN ($PIPPIN) is an AI-driven meme coin built on Solana. It originated from an AI-generated unicorn character created by VC Yohei Nakajima in 2024, aiming to grow a viral community through experimental AI agents. Its ecosystem narrative blends AI-influencer and meme culture, emphasizing AI art and social experimentation within Solana's low-fee environment. This positions the "AI Unicorn" storyline for counter-cyclical growth during the 2025 crypto downturn.

On-chain Data

PIPPIN showed high volatility and speculative drivers this week, influenced by the Solana ecosystem and AI meme narrative. Significant whale activity was observed: approximately 50 private wallets increased accumulation, with buy‑side pressure accounting for over 73% of order‑book depth, indicating an active accumulation phase. However, rising sell-side depth has kept prices range-bound.

Community Views This Week

Bullish: Approximately 70% of posts are bullish, citing stable whale holdings and strong sentiment around Solana’s throughput and community momentum.

Neutral/Bearish: Roughly 30% express concerns about potential pullbacks, noting that a breakdown below the support channel could push prices toward $0.175, while a rally to $1 would require exceptional conditions. Some market participants complained that “a significant sell wall sits at $0.345” and although sentiment momentum has shown signs of improvement, its consistency remains weak (about 0.80). Some points to strong speculative noises from bots and posts on YOLO.

Overall Consensus: Compared with other meme tokens, the PIPPIN community emphasizes belief in a real AI narrative, but market participants should be cautious of corrections and closely monitor funding rates and whale flows.

BONK

Inspired by the Shiba Inu meme, Bonk (BONK) is a community-driven dog-themed meme coin created by an anonymous team. It aims to revitalize the Solana ecosystem, especially after the FTX collapse, and 50% of its initial supply was air-dropped to Solana NFT holders, developers, and artists as a “people’s currency”. Over time it has evolved toward utility, with 400+ application integrations across DeFi, NFT, gaming, and charity sectors.

Community Views This Week

Bullish: Many posts describe “BONK as Solana’s meme infrastructure”, “the OG dog coin leading the rebound”, and “a major bullish candle following whale accumulation”, forecasting that it will continue to dominate the meme revival, and some even suggest that "the wider Solana shrapnel ecosystem will follow BONK’s lead". Bullish narratives include real usage patterns (e.g., token burn mechanisms, integration features, Bonkbot buy pressure), cross‑ecosystem linkages (e.g., WLFI/USD1 collaboration potential), and the orientation towards "real community rewards" (shift from extraction‑oriented dynamics to organic community growth).

Bearish: A minority express short‑term caution around price correction (such as high volatility, range-bound price action following an overbought RSI reading, and longer consolidation phases), but these are overshadowed by the broader positive sentiment.

Overall Sentiment: BONK’s community engagement is extremely high, predominantly concentrated on X, with sentiment strongly positive due to Solana ecosystem rebounds, price appreciation, and ongoing ecosystem developments.

WIF

Project Introduction

Dogwifhat ($WIF) is a pure memecoin based on the Solana blockchain. It was launched on November 20, 2023 by an anonymous developer.

Community Views

Bullish: Community loyalty is high with an approximate conviction rating of 4.0/5. Users emphasize WIF as Solana’s “OG meme king” and a “pure meme liquidity taker”, highlighting its cultural durability (e.g., “hat stays on forever”, “evergreen legend”), notable whale accumulation (top 10 holders controlling over 43% of supply, with significant net inflows over the past 7 days), and technical signals such as a breakout from a descending channel and firm support in the $0.37–$0.38 range. Many posts project short‑term rebound targets in the $0.45–$0.51 range, with some extended targets up to $1.35.

Bearish: Some caution exists regarding short‑term pullbacks and overall market risk. A few posts highlight remaining sell pressure and leverage squeeze risks, though these are largely overshadowed by positive momentum.

Overall Consensus: WIF is regarded as a “blue‑chip meme” rather than a short‑term speculation. Relative to other Solana meme tokens, WIF community emphasizes cultural conviction and resilience, but participants are advised to be vigilant about volatility and monitor key support levels as well as trading volume.