Schwartz Fuels XRP Conspiracy Theories with Profile Image...2013 Conspiracy Theory Reignited

▲ XRP

David Schwartz, Ripple's honorary Chief Technology Officer, changed his X (formerly Twitter) profile picture to a ‘Fuzzybear’ image, bringing an old XRP community conspiracy theory back into the spotlight. This image, beyond a simple profile change, connected with a legend from the XRP community dating back to 2013, fueling speculation online.

U.Today reported on May 22 (local time) that Schwartz's social media change unexpectedly revived the 2013 XRP mystery. According to the article, despite Schwartz recently refuting the core claims of this meme conspiracy theory, setting the Fuzzybear image as his profile picture once again drew the attention of XRP supporters.

Among staunch XRP supporters, the Fuzzybear image is not just seen as a simple bear drawing, but a symbol of an old community legend. This story traces back to an anonymous figure known as ‘bearableguy123’, who is said to have posted financial cryptography for years, predicting XRP's global dominance and a symbolic price of $589.

According to the article, a wallet named Fuzzybear was first activated by OpenCoin in the early days of the network in 2013. This wallet later became famous for a legendary order on a decentralized exchange, offering 1 XRP for 1 BTC. Some XRP community members have believed that Ripple CEO Brad Garlinghouse was behind this mysterious account.

Schwartz's avatar change linked this old story with recent reality. According to the article, a memecoin of the same name was launched, and Schwartz opened a technical trustline for this token to test an Automated Market Maker (AMM) pool. As several coincidences overlapped, a seemingly ordinary profile change became a catalyst for XRP community fan theories.

U.Today stated that while some interpreted this as an acknowledgment of meme culture by Ripple's leadership, others suggested it was more likely Schwartz's elegant mockery of an overreacting public, given his enjoyment of XRPL NFTs and online humor. This profile change was particularly ironic, aligning with Schwartz's recent efforts to combat false narratives.

Schwartz recently stated directly that there are no secret government plans to make XRP a global reserve currency, and the $10,000 XRP forecast is a mathematically irrational fantasy. He called memecoin investments “disgusting foolishness” and emphasized that he does not want to be an advertising billboard for fraudsters or defend others' financial speculation. This avatar change came right after he expressed such a stance and was received by the XRP community as a completely unexpected scene in 2026.

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