XRP News: Ripple Former CTO Backs New XRPL Meme Coin With Trust Line

David Schwartz, former Ripple CTO, supports the new FUZZY meme coin on the XRP Ledger, sparking interest amid a 49% price surge. Discover its impact on XRP.

In a surprising twist in the altcoin arena, David Schwartz, the former CTO of Ripple, has generated buzz within the crypto community by adding a trust line for the new FUZZY meme coin on the XRP Ledger. But what does this mean for XRP and its followers? What Is the FUZZY Meme Coin? The FUZZY meme coin has quickly gained traction since its inception, boasting a remarkable 49% gain in the past month alone. This coin is inspired by a legendary anecdote from 2014, where a user humorously attempted to exchange 1 XRP for 1 BTC on a decentralized platform, a story that has become somewhat of a mythos within the XRP community. With a total supply of approximately 321 billion tokens , FUZZY has cultivated a community-centered atmosphere. However, as of May 3, 2026, the coin's price experienced a slight dip of 3.46% , settling at $0.00005611. What Did Schwartz Say About FUZZY? In his recent announcement on X (formerly Twitter), Schwartz clearly stated, “As I promised, I have added a trust line for $FUZZY.” Despite this, he emphasized that he is not endorsing the project. In fact, he noted, “I know much less about this project than you probably think. But I do think it's a fun community.” This adds an interesting layer to the conversation, as his involvement could either spark interest or skepticism among potential investors. How Does Trust Line Work on the XRPL? A trust line on the XRP Ledger (XRPL) allows users to store and trade tokens that are issued by other accounts. Essentially, it requires users to establish a limit to indicate their willingness to accept an asset. This is foundational for managing non-native assets within the XRPL ecosystem, making it crucial for tokens like FUZZY. What Could This Mean for XRP Holders? Schwartz’s announcement may reinvigorate interest in the XRP community, particularly around meme coins, which have been known to capture the general public's attention. While FUZZY’s price may have dipped recently, its community momentum suggests it cou