Ripple CTO Emeritus David Schwartz has pushed back against growing speculation around meme coins in the XRP community, warning users against treating such tokens as serious investments.
The comments came during discussions on X surrounding FUZZY, a meme token that recently gained attention among XRP Ledger users. Some community members had urged Schwartz to publicly support the project after noticing he created a trust line for the token on the XRP Ledger. However, Schwartz quickly dismissed claims that his activity meant endorsement or investment interest.
I would love to. Really. And to be clear, I have absolutely no reason to think anything bad about this project. I’ve only seen and heard good things.
But I’m pinched between the fear of seeming to endorse something that turns out to have bad intentions and the failure to engage…
— David ‘JoelKatz’ Schwartz (@JoelKatz) May 18, 2026
FUZZY trust line increases community speculation
Interest in FUZZY increased after users linked the token’s name to “Fuzzybear,” an old wallet associated with the early days of the XRP Ledger. That connection led some traders to believe Schwartz may have been quietly backing the project.
Schwartz denied the claims, explaining that adding a token to a wallet is a normal technical process often used for testing on the network. He stressed that the action should not be interpreted as financial support for the token. He also said he had no special knowledge about FUZZY beyond what was publicly available.
While Schwartz said he understands the humour and entertainment value often attached to meme coins, he described the idea of promoting them as legitimate investments as “distasteful.”
XRP community faces growing scam risks
The warning comes as scams targeting XRP users continue to rise across social media platforms.
Earlier this month, Schwartz warned the XRP community about fake giveaways, fraudulent airdrops and impersonation accounts pretending to represent Ripple executives. According to him, scam activity targeting XRP holders has sharply increased in recent weeks.
Fraudsters have reportedly been using fake Telegram accounts, edited videos and cloned social media profiles to trick users into sending XRP with promises of larger returns. Ripple has repeatedly advised users to avoid unofficial giveaway campaigns and verify accounts before interacting with them online.
Rising XRP activity draws more attention
The discussion around meme coins comes during a period of stronger activity across XRP markets. Recent data showed XRP Ledger active addresses climbed to 48,453 after XRP briefly moved above $1.54, marking its highest network activity level since late March.
Spot XRP exchange-traded funds also recorded fresh inflows, with weekly net investments reaching $60.5 million, the strongest level seen since December 2025.
The increase in trading activity and investor attention has also amplified speculation around smaller XRP Ledger-based tokens, including meme coins like FUZZY.
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