In a striking commentary that has sparked renewed debate in the crypto space, market observer Amonyx has urged investors to convert their Bitcoin (BTC), Ethereum (ETH), and other altcoins, dismissively referred to as “shitcoins” into XRP , warning that time is running out. Amonyx made this assertion while referencing a viral post by analyst Jacob King, who alleges that a shadowy $4 billion Bitcoin transfer by Tether to Jack Mallers’ newly launched firm, Twenty One Capital, may be the latest red flag in what he calls a fabricated market ecosystem. Tether’s Dubious Bitcoin Transfer Sparks Alarm At the center of the controversy is a massive transaction involving 37,229 BTC, worth nearly $4 billion, moved by Tether to Twenty One Capital just a day after the company launched. According to King, the timing and scale of this transfer raise serious concerns about the legitimacy of the demand for Bitcoin. “Nobody was buying,” King stated bluntly, implying that without Tether’s interference, organic interest in Bitcoin is virtually nonexistent. REMINDER: Time is running out to convert your $ETH , $BTC , and all other shitcoins into $XRP . https://t.co/1FWn7qyvG4 — Amonyx (@amonbuy) June 3, 2025 This sudden liquidity injection is seen by critics not as an investment decision, but rather as an attempt to simulate demand and support artificially high prices. King argues that the Bitcoin market is being propped up by a single centralized entity, likening it to a house of cards destined to collapse once the illusion of liquidity is exposed. Jack Mallers’ Risky Venture Draws Comparisons to Collapsed Schemes What further intensifies the scrutiny is 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. “Avoid at all cost,” King warned, suggesting that the scheme will inevitably go bust. The parallels with past crypto collapses are unsettling, with King calling this episode “the most elaborate financial fraud in history” and predicting its unraveling will be “nothing short of spectacular.” We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP as a Safer Alternative Amid Systemic Risks Against this backdrop of escalating skepticism surrounding Bitcoin and Ethereum, Amonyx is championing XRP as a superior and more transparent alternative. The digital asset, developed by Ripple Labs, 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. A Turning Point for the Crypto Market? The warning from Amonyx is not isolated. It 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. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Convert Your Bitcoin, Ethereum Into XRP, Pundit Says Time Is Running Out. Here’s Why appeared first on Times Tabloid .
