David Schwartz, former CTO of Ripple, has made a notable liquidity provision to the XRP/FUZZY automated market maker (AMM) pool. Schwartz deposited 1,009 XRP and 23.78 million FUZZY tokens, earning 96.66 million XRP/FUZZY LP tokens. This move allows him to earn a share of the swap fees generated within the pool and exposes him to price fluctuations between XRP and FUZZY. Schwartz clarified that his action is not an endorsement of FUZZY but a gesture of appreciation after receiving 100 million FUZZY tokens from the community. The transaction, executed via XPMarket, incurred a minimal network fee of 0.000012 XRP, highlighting the cost efficiency of the XRP Ledger. FUZZY, a meme coin launched in February 2025, saw its market cap rise from $16 million to $19 million recently, partly due to increased visibility from events like the XRP Las Vegas gathering.
Ex-Ripple CTO David Schwartz Adds Liquidity to XRP/FUZZY AMM Pool
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