The ZachXBT channel researcher may have determined why the Monero (XMR) privacy increased up to 40% early on Monday: someone was probably hacked.
Nine hours ago, a suspicious transfer was made from a potential victim for 3520 BTC ($ 330.7 million)
Flight address
BC1QCRYPCHNRDX87Jnal5E5M849FW460T4GK7VZ55GShortly after, the funds began to be bleached via more than 6 instant exchanges and were exchanged for XMR, which increased the XMR price…
– Zachxbt (@zachxbt) April 28, 2025
Zachxbt reported that 3,520 bitcoin (BTC) ($ 330.7 million) had been drained with an address and then exchanged for XMR.
Market data show a peak of volatility from a surplus in purchase orders for the XMR-BTC command book.
Market observers initially had trouble determining what caused the major peak, as measures such as active wallets and network activity had not increased accordingly.
Liquidity for XMR has been limited in the past few months, while major exchanges have struck the intimacy token in order to combat the markets of the dark net. The lack of liquidity would have made to buy a large catalyst for excessive price gains. The Coingecko data show that the control depth for XMR is much smaller than for similar market capitalization tokens.
XMR is negotiated for more than $ 300 according to Coindesk Markets data.
