Ripple Guru Slams Meme Coins: “Invest? That’s a Funny Joke!”

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Oh, the drama! Ripple’s wise old wizard, David “JoelKatz” Schwartz, has spoken, and the meme coin world is quaking in its boots! The man who’s seen more blockchain drama than a soap opera marathon declared that treating a meme coin as an investment is about as appetizing as a plate of cold gefilte fish.

Schwartz, the Yoda of XRP, waved his hand dismissively at the FUZZY token enthusiasts, saying, “Invest in a meme coin? That’s not an investment, it’s a carnival game!” The FUZZY frenzy started when Ripple dusted off an old wallet from 2013, and suddenly everyone thought it was the next Bitcoin. Spoiler alert: it’s not.

“I do find the idea that people think of a memecoin as an investment to be distasteful. It’s like buying a pet rock and expecting it to lay golden eggs.”

– David ‘JoelKatz’ Schwartz (@JoelKatz) May 18, 2026

Schwartz to FUZZY Fans: “Back Off, I’m Not Your Endorsement Genie!”

The chaos began when Schwartz opened a trust line for FUZZY, and the crowd went wild. “He’s blessing it!” they cried. Wrong. Schwartz clarified, “Opening a trust line is like opening a door. It doesn’t mean I’m inviting you to dinner.” The token’s name? A nod to the legendary Fuzzybear wallet, which once swapped 1 XRP for 1 BTC. Yes, back when BTC was worth a latte.

Schwartz doubled down, saying, “I have no clue about FUZZY. I’m just here for the blockchain, not the circus.” He also admitted he avoids endorsements like a vampire avoids garlic. “One wrong move, and I’m promoting the next Rug Pull Rico,” he quipped.

But hey, he’s not mad at FUZZY. “It’s just not my cup of tea. Or should I say, my bowl of borscht?”

Meme Coins: The Clown Car of Crypto

Meanwhile, the XRP Ledger’s meme coin circus is in full swing. ARMY, PHNIX, RIPPY-they’re all soaring like a rocket… until they’re not. Schwartz shook his head. “Building a portfolio around meme coins? That’s like building a house out of playing cards. Fun until the wind blows.”

But hey, he’s not a total buzzkill. “Meme coins have their place. They’re the knock-knock jokes of the internet. Just don’t bet your retirement on them.”

The XRP community? Divided. Some say meme coins are the lifeblood of the ecosystem. Others agree with Schwartz: “Stop pressuring devs to endorse your pet projects. It’s like asking a chef to vouch for a hot dog cart.”

So, what’s the moral of this crypto comedy? As Schwartz would say, “If it quacks like a meme and waddles like a meme, it’s probably not a golden goose.”

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2026-05-19 00:00