Ripple CTO Slams XRP Meme Coin Hype Amid FUZZY Speculation and Scams

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David Schwartz rejects <a href="https://jpygbp.com/xrp-usd/">XRP</a> meme coin investment hype after FUZZY rumors

David Schwartz, the former Chief Technology Officer of Ripple, responded to requests from the XRP community to endorse the FUZZY meme coin project, clarifying his position against such initiatives.

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 expressed discomfort with the notion of taking meme coins seriously. He shared this opinion during a conversation on X about FUZZY and the wider trend of speculating on meme coins.

Schwartz wasn’t against people joking about these tokens. He was worried about users seeing meme coins as serious investments and believing he endorsed that idea because of his public presence.

FUZZY trust line fuels speculation

The discussion started when Schwartz launched a technical support line for FUZZY. Some XRP investors saw this as significant, as the name ‘FUZZY’ connects to the Fuzzybear wallet, a very early wallet used on the XRP Ledger.

Schwartz clarified that adding a token to a wallet was simply a standard part of testing, and wasn’t meant to encourage anyone to buy it. He also stated he had no special knowledge about something called ‘FUZZY’ beyond what the general public knew.

Recently, warnings about scams have increased as XRP users are seeing more fraudulent activity on social media. According to a report from crypto.news on May 14th, David Schwartz cautioned XRPL users about fake airdrops and giveaways, noting a significant rise in scams targeting them.

Ripple has alerted users to beware of fraudulent accounts on Telegram and imposters posing as company executives. These scammers frequently mimic Ripple’s branding, utilize altered videos, and promote fake XRP giveaways that require users to send cryptocurrency with the promise of receiving a larger amount in return.

XRP activity keeps attention high

This discussion is happening at a lively time for XRP, as market activity recently increased. According to crypto.news, the XRP Ledger saw more activity after the price briefly climbed above $1.54 – something it hadn’t done in two months. The number of active addresses hit 48,453, the highest it’s been since March 30th.

Demand for XRP exchange-traded funds (ETFs) increased recently. According to crypto.news, these ETFs saw $60.50 million in net inflows last week – the highest amount since late December 2025. This increased interest in the market could amplify the spread of rumors about meme coins, so it’s especially important for XRP owners to be aware of potential warnings.

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2026-05-18 14:52