XRP News Today: Bitcoin Faces Uncertainty as 80,009 BTC Moved from Dormant Wallets

Generated by AI AgentCoin World
Sunday, Jul 6, 2025 2:48 am ET1min read

In 2025, the

community celebrated the digital asset’s climb past $110,000, viewing it as evidence of its growing global relevance. However, not all voices within the crypto sphere share this optimism. Over 10,000 BTC, valued at more than $1 billion, was recently moved from a wallet that had been inactive since 2011. Following this, multiple similar wallets were activated, resulting in a total of 80,009 BTC, worth almost $9 billion, being transferred to unknown wallets. While Bitcoin advocates largely dismissed these events as routine, XRP proponent Edoardo Farina sees them as signs of deeper instability.

Farina has warned Bitcoin holders that the community is “completely ignoring the red flags staring them in the face,” asserting that they are “blinded by arrogance” and unable to see the broader implications of these transfers. He believes that the timing and nature of these moves suggest something more than mere internal transfers. Although none of the funds appear to have entered centralized exchanges, the scale of the movement has unsettled some market watchers, with some anticipating an upcoming sell-off. Farina argues that this is precisely the kind of event the Bitcoin community refuses to analyze critically.

Farina has also questioned the motivations of prominent Bitcoin figures, alleging that Michael Saylor, often referred to as Bitcoin’s Warren Buffett, is part of a coordinated effort to mislead. “Saylor is a government contractor paid to deceive the masses,” Farina wrote, reinforcing a narrative he has promoted in previous critiques of institutional involvement in Bitcoin. This allegation adds a layer of complexity to the ongoing debate within the crypto community about the true intentions behind the actions of influential figures.

The possibility of future sell-offs is not unprecedented. Historically, early miner wallets have rarely moved funds unless some form of realization, profit-taking, transfer of custody, or structural risk management was involved. A similar event occurred in March 2024 after a wallet that had stayed dormant for 14 years sold its BTC at an all-time high. The 2025 wallet reactivations mirror those concerns. If such holders begin to exit positions during heightened optimism, Bitcoin could be exposed to swift downward pressure.

Critics of Farina often dismiss his perspective as tribalism. However, the scale and timing of the recent wallet moves lend some weight to his concerns. Farina has always believed that Bitcoin maximalists are not ready to admit XRP’s superiority, and their blindness in this case reinforces his point. For him, the issue is the Bitcoin community’s refusal to confront the possibility of an unfavorable outcome. “Their fall will be the lesson,” he warned. “We tried to warn them.”