Monero’s 50% price pump likely tied to $330m theft from OG Bitcoiner

XMR’s recent price jump appears more closely tied to the laundering of $330 million in stolen Bitcoin through exchanges than to any major adoption or technology developments.

Monero unexpectedly surged on Monday, jumping over 50% from $228 to $347, before retracing to $295. While some initially speculated that the increase was tied to positive developments in the privacy coin’s adoption or technology, new evidence suggests the spike may actually be linked to a large money laundering operation.

Bitcoin, valued at approximately $330 million, was flagged by pseudonymous blockchain sleuth ZachXBT, who revealed in an X post on Monday that the stolen funds were quickly laundered through multiple crypto exchanges, with XMR being one of the key assets involved.

#DOGE #Write2Earn #BestBanana #CryptoSeKamao

#BinanceAlphaAlert #DOGE #TrumpVsPowell