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Ripple's David Schwartz warns XRP users against treating meme coins like investments amid rising scams.

Market News
18 May 2026
Crypto news
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Neutral
Ripple's David Schwartz warns XRP users against treating meme coins like investments amid rising scams.

David Schwartz, Ripple's CTO Emeritus, cautioned XRP users against treating meme coins such as FUZZY as serious investments, calling it "distasteful." This warning came after some XRP community members misinterpreted his technical action of opening a trust line for FUZZY as an endorsement. Schwartz emphasized that the move was routine testing and that he had no special knowledge about FUZZY. His comments come amid a surge in scams targeting XRP users, including fake airdrops and impersonations, highlighting the need for caution as XRP market activity and interest in related tokens increase.

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