The curious case of 3,520 disappearing Bitcoins
Monero started a rapid price gain on Sunday night, and market observers were left with more questions than answers at first. The price gain didn't match up with common catalysts such as a large number of new Monero holders, a meme coin push on social media, or Monero analysis in traditional large-scale media, such as TV channels and newspapers.
The mystery ended when the well-known crypto security account ZachXBT found some suspicious transactions on the Bitcoin and Monero blockchains. One account transferred 3,520 Bitcoins to another, moving about $330 million of crypto funds.
