Could USDT Trigger a Crisis? XRP Supporters Warn: Assets Not in Cold Wallets Are Like Dancing on the Edge of a Cliff!
XRP loyalist and CEO of Alpha Lions Academy, Edoardo Farina, recently issued a thunderous warning on social media platform X, urging holders to immediately transfer their XRP to cold wallets. He stated, "This is not financial advice, but I strongly recommend you withdraw your XRP to cold storage."
Farina's warning stems from concerns over the potential collapse of USDT — if this stablecoin giant were to suddenly crash, it could lead to a plunge in Bitcoin, exchanges freezing withdrawals, and the market instantly turning chaotic, with assets evaporating. In the past, users have been restricted from their accounts on Coinbase with no resolution to date, making people wary of centralized platforms.
He emphasized that the true controllers of XRP are those who hold the private keys and possess the assets. "Without the private key, you do not truly own the cryptocurrency," Farina stated. He also pointed out that institutions have already secured their XRP, and if retail investors do not act in advance, it will be difficult for them to escape unscathed when the storm hits.