$BTC ZachXBT: Monero's Growth is Linked to Major #BTC Theft
According to the ZachXBT analyst, the explosive growth of Monero by 50% is directly related to the theft of $330 million worth of #bitcoins. On the night of the weekend, unknown persons withdrew a huge amount of #BTC, laundered funds through six exchanges and then converted them into Monero.
Monero, having low liquidity, immediately reacted with a sharp increase. Even the old XMR hodlers didn't expect such a gift.