240.0.0.0/4 is reserved by ARIN (SPECIAL-IPV4-FUTURE-USE-IANA-RESERVED). Likely, the switch is rejecting that address because it's part of the pre-1993 class E address range. Many hosts and devices reject that address range as source and even as destination address.
https://search.arin.net/rdap/?query=254.63.0.1
You cannot just use IP addresses unless you are either explicitly entitled to or they are free to use privately (esp. RFC 1918: 10.0.0.0/8, 172.16.0.0/12, 192.168.0.0/16).
Of course, you can do what you want inside your own, private network but any address collision will prevent proper routing with an Internet connection.