Ripple CTO Emeritus David Schwartz pushed back against XRP community claims around meme coins after users urged him to support the FUZZY project.
Summary
- David Schwartz said treating XRP meme coins as investment products was “distasteful” amid FUZZY speculation.
- The FUZZY debate grew after Schwartz opened a trust line that some users misread.
- crypto.news reported rising XRP scams, fake airdrops and wider security warnings for XRPL users.
Schwartz said the idea of treating meme coins as serious investments felt “distasteful.” Meanwhile, the comment came during an X discussion about FUZZY and broader meme coin speculation.
Schwartz did not reject community humor around such tokens. His concern centered on users treating meme coins as investment products and using his public profile to support that view.
FUZZY trust line fuels speculation
The debate grew after Schwartz opened a technical trust line for FUZZY. Some XRP holders viewed the move as a signal because the token name refers to the old Fuzzybear wallet from the early XRP Ledger period.
Schwartz later rejected that reading. He said adding a token to a wallet was a routine technical step for testing, not a signal to buy the asset. He also said he knew no more about FUZZY than a normal observer.
Moreover, the warning comes as XRP users face more scams across social media. crypto.news reported on May 14 that Schwartz warned XRPL users about fake airdrops and giveaways. He said there had been a “huge escalation lately” in scams targeting XRP users.
Ripple has also warned users about fake Telegram accounts and fake executive profiles. Scammers often copy branding, use edited videos and push fake XRP giveaways that ask users to send tokens before receiving more.
XRP activity keeps attention high
The debate also comes during a busy period for XRP markets. crypto.news reported that XRP Ledger activity rose after XRP briefly moved above $1.54 for the first time in two months. Active addresses reached 48,453, the highest level since March 30.
Spot XRP ETFs also drew fresh demand. crypto.news reported $60.50 million in weekly net inflows, the strongest week since late December 2025. That higher market attention can give meme coin rumors more reach, making clear public warnings more important for XRP holders.
