Crypto analyst Steph Is Crypto promoted a new memecoin called BLACK XRP BULL ($STEPH), telling followers that the token “will create many new millionaires” while directing users to purchase i
Crypto analyst Steph Is Crypto promoted a new memecoin called BLACK XRP BULL ($STEPH), telling followers that the token “will create many new millionaires” while directing users to purchase it through the Solana-based launchpad pump.fun.
The already deleted post on X was accompanied by a chart showing the token’s market capitalization reaching approximately $4,640, with a 24-hour gain of more than 6%. Another attached image featured a black bull bearing the analyst’s likeness, reinforcing the project’s branding around the XRP community.
While the promotion centers on XRP branding, the purchase link reveals an important technical detail. Rather than being issued on the XRP Ledger (XRPL), $STEPH is a Solana token launched through pump.fun, making it separate from Ripple’s blockchain infrastructure despite its XRP-focused identity.
The promotion highlights a growing trend in the cryptocurrency market where developers build tokens on one blockchain while marketing them toward communities associated with another.
In this case, BLACK XRP BULL adopts XRP-related branding but operates entirely within the Solana ecosystem. Investors who follow the purchase link are required to use Solana-compatible wallets such as Phantom or Solflare instead of XRPL wallets like Xaman or Crossmark.
This distinction is important because the token is not issued on the XRP Ledger and does not utilize the XRPL’s native decentralized exchange, trustline system, or automated market maker features. Instead, it follows pump.fun’s token launch model, where newly created Solana tokens trade through a bonding curve before potentially moving to larger liquidity venues if they reach specific milestones.
Steph Is Crypto’s statement that BLACK XRP BULL “will create many new millionaires” is highly optimistic language frequently seen during memecoin launches.
Such messaging is designed to appeal to traders seeking substantial returns from newly launched digital assets. However, the pump.fun ecosystem sees thousands of new tokens created regularly, and only a small percentage progress beyond the initial bonding curve stage to achieve deeper liquidity on decentralized exchanges.
As with many early-stage memecoins, market performance largely depends on sustained buying activity and community participation. Early participants may benefit if demand increases significantly, while later buyers typically face greater risks if momentum slows.
The launch also serves as a reminder that not every cryptocurrency carrying XRP branding is connected to the XRP Ledger or Ripple.
Native XRPL tokens operate directly on the XRP Ledger, where transactions generally settle within seconds and incur very low fees. These assets are typically traded through the XRPL’s built-in decentralized exchange using trustlines and XRPL-compatible wallets.
By contrast, BLACK XRP BULL is a Solana SPL token launched through pump.fun. Although its branding targets XRP supporters, its underlying technology, wallet requirements, and trading infrastructure belong entirely to the Solana network.
Before purchasing any newly launched token, market participants should verify the blockchain on which it was created, confirm the correct contract address, and review token distribution and liquidity.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post Warning of XRP Holders: Distinguish Between XRP-Themed Tokens and XRPL Assets appeared first on Times Tabloid.
