- Over $9 billion in Bitcoin has quietly moved from wallets untouched for over a decade.
- An XRP supporter claims the Bitcoin community is ignoring clear signs of a looming collapse.
- Allegations emerge that major Bitcoin figures are misleading the public as old wallets reactivate.
Edoardo Farina, a well-known XRP supporter, has issued a strong warning to the Bitcoin community after over $9 billion worth of BTC was moved from dormant wallets. More than 80,000 BTC, untouched for years, was quietly transferred to unknown destinations, sparking renewed fears of a possible market downturn.
After that first transaction, other wallets, which had been inactive for over 10 years, made such transfers. The two destinations are not known, and neither has any Bitcoin flowed to centralized exchanges. Nevertheless, the magnitude and timing of the movements have drawn the interest of a number of market analysts and crypto observers.
Additionally, Farina has also reacted and issued stern cautionary alerts, saying that these developments indicated greater threats to Bitcoin’s long-term viability. In his view, the Bitcoin community is sweeping under the carpet the possibility of a failure and keeps downplaying the consequences of such huge transactions.
Also Read: Wall Street Giants Are Quietly Moving Billions Onto Ethereum—Here’s Why
He had accused the giants of Bitcoin of not recognizing red flags, as he terms it. To him, it is not just a matter of oversight to keep the silence regarding these reactivations, but it is all part of an attempt to cover flaws in the system.
Furthermore, he alleged that influential Bitcoin advocates are misleading the public. He named Michael Saylor specifically, accusing him of acting in alignment with government interests to promote Bitcoin without transparency.
Warning Signals Grow as Dormant Bitcoin Reactivates
The XRP supporter argued that these wallets typically only move funds for primary reasons such as profit-taking or internal risk management. With Bitcoin trading above $110,000, he suggested the current optimism could be masking a strategic exit by early holders.
He believes these actions show that some large holders are preparing for a downturn while retail investors remain overly confident. The magnitude and timing of the wallet reactivations, he says, coincide with trends observed prior to sudden market plunges.
Bitcoin proponents have largely dismissed the concerns, labeling the movements as normal. However, the concerted quality of the transfers has cast doubt upon this, particularly among those who can recall similar occurrences prior to past market changes.
While Bitcoin maintains record-high valuations, the quiet movement of billions in dormant coins has triggered warnings from XRP circles. With early holders possibly preparing for exits, the risk of market pressure looms, raising questions about how long current momentum can last.
Also Read: Ripple CTO Stuns XRP Community With Shocking $0.006 Entry Price Reveal
