On April 28, 2025, the price of Monero (XMR) rose by 40% in a few hours, reaching $391. According to crypto detective ZachXBT, the surge is linked to the laundering of 3520 BTC (~$330 million), which were converted to XMR through six exchanges. The limited liquidity of Monero, caused by its delisting from major platforms like Binance, exacerbated the volatility, pushing the price up.
This case highlighted the uniqueness of Monero: thanks to the CryptoNote protocol and technologies such as ring signatures and stealth addresses, the cryptocurrency offers high anonymity, making it attractive for transactions in the darknet. The trading volumes of XMR/BTC have increased, with a weekly gain of +23%.
Experts note that low liquidity and demand for anonymous assets may continue to drive the price up, although regulatory pressure remains a risk. For example, Japan has tightened controls on XMR due to money laundering cases. Despite this, Monero remains a leader among privacy coins.
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