Fuzzybear, a memecoin issued on the XRP Ledger (@XRP) $XRP, has extended a sharp rally. The token, listed as $FUZZYBEAR, rose 50% in 24 hours and 70% over seven days. CoinGecko puts its marke
Fuzzybear, a memecoin issued on the XRP Ledger (@XRP) $XRP, has extended a sharp rally. The token, listed as $FUZZYBEAR, rose 50% in 24 hours and 70% over seven days. CoinGecko puts its market cap at $24.5 million.
Fuzzybear is a community-driven memecoin on the XRP Ledger (XRPL). The project's narrative is built around the 'Fuzzybear' XRPL address, which was activated by Opencoin (now Ripple) in February 2013. The project specifically highlights a 2014 event in which this address placed a decentralized exchange (DEX) order of 1 XRP for 1 Bitcoin $BTC.
According to CoinGecko, the token has no formal technical utility such as staking or revenue distribution, and is designed to grow as supporters join the movement. It operates as a zero-tax asset with a fixed total supply. CoinGecko lists a maximum supply of 321 billion tokens.
On-chain records cited by the project's community show a wallet named FuzzyBear placed the 1 XRP for 1 BTC order on January 1, 2014. Market trackers describe the token as a tribute to that account. Data provider xrpl(.)to says the token launched on FirstLedger on 23 January 2025.
The latest move marks a notable shift in momentum. On 16 October, xrpl(.)to recorded a market cap of $10.81 million and 11,223 accounts holding the token. The same source noted that the market cap had peaked at $17.54 million on 25 July 2026. A market cap of $24.5 million would sit above that earlier peak, although figures vary between data providers and change quickly.
The rally comes as XRP itself trades under pressure. Crypto news outlet reports said XRP traded near $1.30 on October 20, with CoinGecko recording a daily range between $1.29 and $1.32. Fuzzybear's gains therefore run against the weaker price action in the wider XRP market.
Memecoins on the XRP Ledger are volatile and small by market value. Cryptonews has listed no built-in utility, heavy reliance on hype and ongoing regulatory risk among the drawbacks of the token. Sharp short-term gains can reverse quickly, and readers should review liquidity and holder concentration before trading. Data from xrpl(.)to shows the hundred largest holders own 62.8% of the supply.
Sources
CoinGecko: Fuzzybear price, market cap and project detailsxrpl(.)to: Fuzzy Bear token data and holder statisticsCrypto news: XRP whale outflows hit five-year low as price struggles near $1.30
