David Schwartz, Ripple’s CTO emeritus, pushed back after parts of the XRP community treated his activity around FUZZY as a possible endorsement. In comments on X, he said presenting XRP meme coins as serious investment products was “distasteful.” His objection was not aimed at jokes or community culture. It was aimed at using his public profile to strengthen speculative narratives around meme tokens.
A technical trust line turned into a buy-signal rumor
The speculation picked up after Schwartz opened a technical trust line for FUZZY. Some XRP holders read that move as a hint, especially because the token’s name references the old Fuzzybear wallet from the early XRP Ledger era. That connection gave the rumor extra momentum.
Schwartz later rejected the interpretation. He said adding a token to a wallet was a routine technical step used for testing and not a signal to buy the asset. He also said he knew no more about FUZZY than any ordinary observer.
Scam warnings add context to the FUZZY debate
The warning landed at a time when XRPL users were already dealing with more social media scams. On May 14, crypto.news reported that Schwartz had warned users about fake airdrops and giveaway campaigns, saying there had been a “huge escalation” in scams targeting XRP users lately. In that setting, meme coin rumors can spread fast and become a vehicle for misleading promotion.
Ripple has also warned users about fake Telegram accounts and impersonated executive profiles. Typical tactics include copied branding, edited videos, and fraudulent XRP giveaway posts that ask users to send tokens first with promises of receiving more in return.
Rising XRP activity kept market attention elevated
The FUZZY discussion also arrived during an active stretch for XRP. Earlier reporting said XRP briefly moved above $1.54 for the first time in two months, while active addresses on XRP Ledger climbed to 48,453, the highest level since March 30. With attention already building around the network, any rumor tied to a recognizable figure or token name had more room to circulate.
Spot XRP ETFs were also seeing fresh inflows. According to the report, weekly net inflows reached $60.50 million, the strongest week since late December 2025. Against that backdrop, Schwartz’s comments drew a line between ordinary technical wallet activity and market narratives that try to turn it into an investment cue.