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Home CRYPTO

Ripple’s Ex-CTO Said Memecoins Are Distasteful, Then Changed His Profile Picture to One”

Michael Juanico by Michael Juanico
May 22, 2026
in CRYPTO, FINANCE, MEMECOINS, OPINION
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  • Ripple ex-CTO David Schwartz changed his X profile picture to the FUZZY memecoin avatar
  • The move came weeks after Schwartz publicly called memecoin investing “distasteful”
  • FUZZY is tied to the legendary Fuzzybear wallet deep inside XRP Ledger history

David Schwartz just accidentally reignited XRP Twitter by doing the one thing crypto communities never handle calmly: changing his profile picture. The Ripple ex-CTO switched his X avatar to the FUZZY meme coin bear, immediately triggering speculation after previously calling memecoin investing “distasteful” only weeks earlier.

And because this is XRP Twitter, people instantly treated the profile update like a Federal Reserve policy announcement.

FUZZY Is Already XRP Ledger Folklore

FUZZY is a meme token built on the XRP Ledger inspired by the legendary “Fuzzybear” wallet from 2013. The wallet became part of XRPL mythology after placing a joke offer proposing a trade of 1 XRP for 1 BTC back when Bitcoin was barely mainstream.

Over time, the story evolved into full community folklore, meaning anything connected to the Fuzzybear name tends to send certain XRP holders into detective mode almost immediately.

So when Schwartz opened a trust line for FUZZY earlier this month, people noticed.

The Profile Picture Changed Everything

Initially, Schwartz defended the trust line by saying it was purely technical and should not be viewed as an endorsement. On the XRP Ledger, adding trust lines is a fairly routine network action. That explanation mostly held up.

Then things got awkward. On May 18, Schwartz publicly stated that he finds “the idea that people think of a memecoin as an investment to be distasteful.” Fair enough.

Shortly afterward, he voluntarily changed his profile picture to the FUZZY bear. At that point, the “this is just technical” defense became a lot harder to maintain. Updating your avatar is not blockchain maintenance. That’s a conscious decision, and the internet reacted accordingly.

Schwartz Seems Aware of the Chaos

To his credit, Schwartz has consistently tried to avoid acting like a promotional shield for speculative tokens. He admitted publicly that he feels stuck between wanting to engage with the community while also avoiding accidental endorsements that could later backfire.

That’s a reasonable position. It just becomes much harder to communicate cleanly when your profile picture suddenly matches the memecoin everyone is speculating about.

And honestly, Schwartz probably knew exactly how the XRP community would react before he changed it.

At This Point, The Speculation Is the Product

Whether Schwartz actually supports FUZZY, finds the meme funny, or simply enjoys watching crypto Twitter spiral almost doesn’t matter anymore. The XRP community has always been exceptionally good at turning tiny signals into giant narratives.

A profile picture change from one of Ripple’s most recognizable figures was never going to pass quietly. In crypto, perception moves markets almost as fast as fundamentals sometimes.

And right now, XRP Twitter is very busy trying to decide whether a cartoon bear means something much bigger than a cartoon bear.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: cryptofuzzyMemecoinripplexrp
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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