David Schwartz, a longtime Ripple figure, has pushed back against the idea that XRP-based meme coins should be treated as investments. In remarks addressing rumors tied to a token from 2013, Schwartz made clear he doesn't view these coins as serious financial plays.
Schwartz's stance on speculative tokens
Schwartz, who helped build the XRP Ledger, rejected the notion that meme coins built on XRP carry investment value. He didn't mince words: these tokens, often driven by internet hype, aren't something he'd classify as assets worth holding for returns. His comments come as the broader crypto market sees a surge in meme-coin activity, with traders piling into joke tokens on various blockchains.
The Ripple veteran's position is notable given his deep involvement in XRP's development. He's rarely weighed in on the explosion of meme coins, but the latest rumors about a specific token from 2013 prompted him to speak up.
The token at the center of the rumors
Schwartz addressed speculation surrounding a token linked to the early days of XRP, back in 2013. While he didn't name the token directly, he dismissed the chatter that has swirled around it. The rumors apparently suggested that the token had some special status or potential for major gains — a narrative Schwartz pushed back on.
He argued that treating such tokens as investments misses the point. For Schwartz, the XRP Ledger's purpose isn't to host speculative vehicles built on old code or hype. His remarks imply that users should be cautious about assigning value to tokens with no clear utility beyond community enthusiasm.
What this means for XRP meme-coin holders
Schwartz's rejection doesn't stop people from buying and selling these coins, but it does add a dose of reality from someone who knows the technology inside out. The token in question may have historical curiosity, but Schwartz isn't seeing it as a path to profit.
His comments also highlight a broader tension in crypto: the line between a legitimate investment and a pure gamble. For now, anyone holding XRP meme coins is left with Schwartz's blunt assessment — these aren't investments, no matter how old the token or how loud the rumors.
