You Won’t Believe What Caused XMR to Skyrocket Over 50%!

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Well, folks, gather ’round and listen up! About nine hours ago, in the wild west of cryptocurrency, a hefty sum of 3,520 BTC—roughly $330.7 million—made its way to a suspicious address. Now, when I say suspicious, I mean *suspicious*—we’re talking about a real shady character on the blockchain! The address in question is bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g—and it ain’t the kind of place you want your grandma sending money to, that’s for sure. 🚨

“Nine hours ago, a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M).

Theft address
bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g

Shortly 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

Now, as expected, that stolen stash didn’t just sit around. Oh no, it took a little trip through six different instant exchanges, and before you could say “money laundering,” it was swapped for Monero (XMR), the privacy coin everyone’s got a funny feeling about. And guess what happened next? That ol’ XMR price took a *rocket* ride, straight up! 🚀

Within just an hour, XMR’s price had shot up by a neat 20%, and by the time all the fun was over, it had soared by more than 50%. 🤑 Talk about a market swing! Now, folks in the crypto world are watching this like hawks, and for good reason—this sudden price jump is tied to some serious shady business. 😬

Now, we’ve all known that privacy coins like XMR have had their fair share of… let’s call ’em “questionable” associations. And here’s the proof in the pudding: one well-timed laundering operation and *boom*, the market’s in turmoil. Ain’t that a kick in the pants? 💥

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2025-04-28 11:36