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The post Ripple CTO Sparks PHNIX Meme Coin Frenzy With 40% Rally appeared on BitcoinEthereumNews.com. PHNIX, a token built on the XRP Ledger and the associated NFT, surged by almost 40% after Ripple (Twitter) profile picture to a PHNIX NFT. The move mirrors token reactions after the purported DOGE father flips his profit picture to a particular meme coin. Sponsored Sponsored Ripple CTO Sparks PHNIX Frenzy With Profile Picture Shift, Token Soars 40% The move sent traders into a frenzy, reviving comparisons with Elon Musk’s history of sparking meme coin rallies through subtle social media tweaks. “The Phoenix rises higher today. Thank you, Joel Katz, for embracing the vision. From ashes to eternity, $PHNIX lives on XRPL,” the official Phoenix account wrote. In the immediate aftermath, PHNIX token rose nearly 40% to trade for $0.00002264 as of this writing. Sponsored Sponsored Phoenix (PHNIX) Price Performance. Source: CoinGecko The rally mirrors past episodes tied to Elon Musk. In 2021, Dogecoin jumped 20% after Musk briefly changed his X profile picture to reference the DOGE meme coin. Earlier this year, his decision to rename his profile to “Harry Bōlz” triggered a 3,000% rally in the associated token. Elon Musk has changed his Profile name to “Harry Bōlz” In the immediate aftermath of this name change, the price of #HARRYBOLZ rallied by over 3,000% before profit booking commenced. This marks the second time Musk’s name change led to a crypto rally, following similar… pic.twitter.com/RiuntVwGKj — BeInCrypto (@beincrypto) February 11, 2025 Similarly, the KEKIUS soared 120% in May after Musk adopted it as part of his X branding. Therefore, Schwartz’s move brings that same speculative energy into the XRP ecosystem. However, unlike Musk, the Ripple CTO is not known for meme coin antics, making the endorsement all the more surprising. Sponsored Sponsored The PHNIX surge highlights the influence of high-profile crypto figures on market psychology. While Schwartz did not… The post Ripple CTO Sparks PHNIX Meme Coin Frenzy With 40% Rally appeared on BitcoinEthereumNews.com. PHNIX, a token built on the XRP Ledger and the associated NFT, surged by almost 40% after Ripple (Twitter) profile picture to a PHNIX NFT. The move mirrors token reactions after the purported DOGE father flips his profit picture to a particular meme coin. Sponsored Sponsored Ripple CTO Sparks PHNIX Frenzy With Profile Picture Shift, Token Soars 40% The move sent traders into a frenzy, reviving comparisons with Elon Musk’s history of sparking meme coin rallies through subtle social media tweaks. “The Phoenix rises higher today. Thank you, Joel Katz, for embracing the vision. From ashes to eternity, $PHNIX lives on XRPL,” the official Phoenix account wrote. In the immediate aftermath, PHNIX token rose nearly 40% to trade for $0.00002264 as of this writing. Sponsored Sponsored Phoenix (PHNIX) Price Performance. Source: CoinGecko The rally mirrors past episodes tied to Elon Musk. In 2021, Dogecoin jumped 20% after Musk briefly changed his X profile picture to reference the DOGE meme coin. Earlier this year, his decision to rename his profile to “Harry Bōlz” triggered a 3,000% rally in the associated token. Elon Musk has changed his Profile name to “Harry Bōlz” In the immediate aftermath of this name change, the price of #HARRYBOLZ rallied by over 3,000% before profit booking commenced. This marks the second time Musk’s name change led to a crypto rally, following similar… pic.twitter.com/RiuntVwGKj — BeInCrypto (@beincrypto) February 11, 2025 Similarly, the KEKIUS soared 120% in May after Musk adopted it as part of his X branding. Therefore, Schwartz’s move brings that same speculative energy into the XRP ecosystem. However, unlike Musk, the Ripple CTO is not known for meme coin antics, making the endorsement all the more surprising. Sponsored Sponsored The PHNIX surge highlights the influence of high-profile crypto figures on market psychology. While Schwartz did not…

Ripple CTO Sparks PHNIX Meme Coin Frenzy With 40% Rally

Author: BitcoinEthereumNewsSource: BitcoinEthereumNews
2025/09/08 08:09
ChangeX
CHANGE$0.00074559+4.07%
HARRY
HARRY$0.02912+1.21%
Kekius Maximus
KEKIUS$0.006783+6.36%
Moonveil
MORE$0.001405--%
Movement
MOVE$0.02909-0.06%
Phoenix
PHNIX$0.000009347+1.56%
Memecoin
MEME$0.0009309-2.79%

PHNIX, a token built on the XRP Ledger and the associated NFT, surged by almost 40% after Ripple (Twitter) profile picture to a PHNIX NFT.

The move mirrors token reactions after the purported DOGE father flips his profit picture to a particular meme coin.

Sponsored

Sponsored

Ripple CTO Sparks PHNIX Frenzy With Profile Picture Shift, Token Soars 40%

The move sent traders into a frenzy, reviving comparisons with Elon Musk’s history of sparking meme coin rallies through subtle social media tweaks.

In the immediate aftermath, PHNIX token rose nearly 40% to trade for $0.00002264 as of this writing.

Sponsored

Sponsored

Phoenix (PHNIX) Price Performance. Source: CoinGecko

The rally mirrors past episodes tied to Elon Musk. In 2021, Dogecoin jumped 20% after Musk briefly changed his X profile picture to reference the DOGE meme coin.

Earlier this year, his decision to rename his profile to “Harry Bōlz” triggered a 3,000% rally in the associated token.

Similarly, the KEKIUS soared 120% in May after Musk adopted it as part of his X branding. Therefore, Schwartz’s move brings that same speculative energy into the XRP ecosystem.

However, unlike Musk, the Ripple CTO is not known for meme coin antics, making the endorsement all the more surprising.

Sponsored

Sponsored

The PHNIX surge highlights the influence of high-profile crypto figures on market psychology.

While Schwartz did not comment on whether his profile change was intended as an endorsement, the effect was immediate. Data on CoinGecko highlights liquidity and trading volumes in PHNIX spiked as retail traders rushed to buy in.

This phenomenon suggests a broader theme in crypto markets, where meme coins become a shilling point for speculative liquidity.

Personality-driven actions, memes, and cultural signals can often overshadow fundamentals in the short term.

Nonetheless, Musk-related rallies have historically fizzled after initial euphoria, often leaving latecomers exposed. This suggests the PHNIX price could suffer a similar pattern unless a subsequent fundamental event or announcement presents.

Source: https://beincrypto.com/ripple-cto-joins-meme-coin-effect-fuels-40-price-rally-for-phnix/

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