Ripple Chief Technology Officer Emeritus David Schwartz expressed skepticism about treating meme coins as investments, according to BeInCrypto. Schwartz, known on X as JoelKatz, dismissed calls from XRP holders to endorse the FUZZY token on the XRP Ledger, clarifying that opening a technical trust line for FUZZY was not an endorsement. He emphasized that meme coins, including FUZZY, lack intrinsic value and are often traded on speculative hopes. Schwartz's comments come amid a surge in meme coin activity on the XRP Ledger, with tokens like ARMY and PHNIX gaining traction.