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Ripple's David Schwartz calls treating XRP meme coins as investments 'distasteful' and warns against scams.

Market News
18 May 2026
UToday
View Source
Bearish
pluang ai news

David Schwartz, Ripple's former CTO, publicly criticized the idea of treating XRP-related meme coins as serious investments, calling it 'distasteful.' His comments came after rumors linked him to the FUZZY memecoin, which he clarified was only a technical wallet test and not an endorsement. Schwartz emphasized that meme coins lack intrinsic value and are driven by speculative hope, warning investors against building portfolios around them. He supports meme coins as internet humor but rejects their use as investment assets due to the risk of scams and misleading hype.

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