The investigator in the Zachxbt chain may have determined why the Mono Privacy Currency (XMR) increased up to 40% early Monday: someone was probably pirate.
Nine hours ago a suspicious transfer of a possible victim was made for 3520 BTC ($ 330.7 million)
Robbery address
BC1QCRYPCHNRDX87JNAL5E5M849FW460T4GK7VZ55GShortly after the funds began to be washed through more than 6 instantaneous exchanges and exchanged for XMR, which caused the XMR price to increase …
– Zachxbt (@zachxbt) April 28, 2025
Zachxbt reported that 3,520 Bitcoin (BTC) ($ 330.7 million) drained from an address and then exchanged for XMR.
Market data show an increase in volatility from an excess purchase orders for the XMR-BTC orders book.
Initially, market observers had difficulty determining what the main peak caused, since metrics such as active wallets and network activity had not increased accordingly.
XMR liquidity has been limited in recent months, since the main exchanges eliminated the privacy token in an attempt to combat dark net markets. The lack of liquidity would have made any considerable purchase a catalyst for huge price profits. Coingcko data shows that the depth of the order for XMR is significantly less than for similar market capitalization tokens.
XMR is quoted for more than $ 300 according to Coindesk Markets data.
