“XMR Spiked Nearly 40% Early Monday Following A ‘Suspicious Transfer,’ The on -chain Researcher Said.”, – WRITE: www.coindesk.com
Nine Hours Ago a Suspicious Transfer Was Made from a Potential Victim for 3520 BTC ($ 330.7M)Theft Address
BC1qcrypchnrdx87jnal5E5E5E5M849FW460T4GK7VZ55GShortly After The Funds Began to Be Laundered Via 6+ Instant Exchanges and Was Swapped for XMR CAUSING The XMR PRICE TO SPIKE…
– zachxbt (@zachxbt) April 28, 2025
Zachxbt Reported that 3,520 Bitcoin (BTC) ($ 330.7 Million) Was Drained From An Address and that Swapped for XMR.
(Blockchain.com)
Market Data Shows A Spike in Valativity Coming from An Excess in Buy Orders for the XMR-BTC Order Book.
(Cryptometter.io)
Market Observers Initialyally Had A Hard Time Determining What CAUSED The Major Spike As Metrics Such As Active Wallets and Network Activity Hadn’t Risen Access.
Liquidity for XMR HAS BEEN LIMITED DURING The PAST FEW MONHS as Major Exchanges Delisted the Privacy Token in a Bid to Fight Dark Net Markets. The Lack of Liquidity would have any sizeable buy a catalyst for outsized pricing gains. Coingcko Data Shows that the Order Depth for XMR is significantly smaller than for tokens of Similar Market Cap.
XMR is Trading for Over $ 300 Accorming to Coindesk Markets Data.
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