XRP News Today: Amonyx Urges Bitcoin to XRP Conversion Amid $4 Billion Transfer Controversy

Amonyx, a prominent market observer, has issued a bold statement urging investors to convert their Bitcoin (BTC), Ethereum (ETH), and other altcoins into XRP, warning that the time to do so is running out. This call to action comes in response to a viral post by analyst Jacob King, who alleges that a $4 billion Bitcoin transfer by Tether to Jack Mallers’ newly launched firm, Twenty One Capital, is a red flag in what he describes as a fabricated market ecosystem.

The controversy centers around a massive transaction of 37,229 BTC, valued at nearly $4 billion, transferred by Tether to Twenty One Capital just a day after the company's launch. King argues that the timing and scale of this transfer raise serious concerns about the legitimacy of the demand for Bitcoin. He bluntly states that without Tether’s interference, organic interest in Bitcoin is virtually nonexistent, suggesting that the market is being artificially propped up by a single centralized entity.

Critics view this sudden liquidity injection not as a genuine investment decision but as an attempt to simulate demand and support artificially high prices. King likens the Bitcoin market to a house of cards that will collapse once the illusion of liquidity is exposed. This perspective is further intensified by Mallers’ announcement of a new lending service under Twenty One Capital, a move that critics argue echoes the playbooks of defunct platforms like Celsius and Bitconnect. These notorious projects lured investors with promises of high returns through lending models, only to implode under the weight of insolvency and mismanagement.

For Amonyx and others raising the alarm, Mallers’ pivot into lending, so soon after receiving billions in BTC from Tether, is a glaring red flag. King warns that the scheme will inevitably go bust, drawing parallels with past crypto collapses and predicting that this episode will be “the most elaborate financial fraud in history” and its unraveling will be “nothing short of spectacular.”

Against this backdrop of escalating skepticism surrounding Bitcoin and Ethereum, Amonyx is championing XRP as a superior and more transparent alternative. Developed by Ripple Labs, XRP has long positioned itself as a bridge currency for cross-border payments and has recently gained renewed institutional interest following partial legal clarity in the U.S. courts. XRP’s resilience amid regulatory uncertainty and its focus on real-world utility make it, according to Amonyx, a safer bet as the rest of the market faces increasing scrutiny and potential collapse. While BTC and ETH are criticized for their speculative bubbles and lack of clear use cases, XRP’s alignment with global financial infrastructure continues to gain traction, especially with growing partnerships across Asia, the Middle East, and Latin America.

The warning from Amonyx reflects a growing disillusionment within parts of the crypto community who are questioning the sustainability of the existing market structure. The latest revelations only intensify the demand for greater transparency and decentralized accountability. As trust in some of the market’s most dominant assets begins to erode, XRP appears to be emerging as a potential beneficiary of the shift. Whether or not investors will heed the call to convert their holdings before what Amonyx calls the impending collapse remains to be seen. But one thing is clear: the market is approaching a critical juncture, and the decisions made in this moment may shape the future of crypto for years to come.