JoelKatz Just Set a Trust Line for $FUZZY on the XRP Ledger

 


On May 3, 2026, David Schwartz, known as JoelKatz and one of the original architects of the XRP Ledger, confirmed he added a trust line for $FUZZY, a memecoin on the XRPL. He posted about it on X, making it clear the move was not an endorsement. He had made a promise. He kept it. He described the project as a fun community and said his actual knowledge of it is limited.

What separates this from standard social media crypto chatter is that it happened on-chain. The TrustSet transaction was validated in XRP Ledger block #103971664 at 7:25:02 AM UTC and recorded on Bithomp. The trust limit was set at 320,930,450,547 FUZZY. The ledger fee was 0.000012 XRP, less than two-hundredths of a cent. Processed via XPMarket.com.

$FUZZY is not a generic token. It was built to honour the Fuzzybear XRPL address, which placed a notable DEX order in 2014 offering 1 XRP for 1 BTC. That piece of ledger history gives $FUZZY a specific origin story within the XRPL community. Most memecoins do not have one.

On the same day, XRPL-focused X account Austiin_XRPLL noted that $FUZZY appeared to be breaking out of a bull flag on the daily chart. The April consolidation had formed a tightening wedge after the March spike. Price moved through the upper boundary right as the JoelKatz post was gaining attention. The FUZZY/XRP pair showed $132.57K in 24-hour volume with $1.82M in DEX liquidity.

Schwartz himself flagged that his knowledge of $FUZZY is limited. This was not a call to buy. But a verified TrustSet from one of the XRPL's founding architects, landing the same day a technical breakout was spotted, is the kind of development the XRPL memecoin community does not see often.

For the full breakdown of the transaction, the chart setup, and what JoelKatz said word for word, the complete article is at CryptoNewsLive.org.

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