Monero Surges 51% Following $330M Bitcoin Swap
- Monero (XMR) price increased by 51% after a suspicious transfer of $330 million in Bitcoin.
- The transfer involved 3,520 BTC, which were swapped for XMR through multiple exchanges.
- On-chain investigator ZachXBT identified the transaction as theft due to high fees and suspicious activity.
- Monero’s market cap stands at $5.3 trillion, making it the largest privacy coin and the 27th largest cryptocurrency overall.
The price of Monero surged by up to 51% following a suspicious transfer of $330 million in Bitcoin, which was subsequently exchanged for XMR. On-chain investigators suspect theft due to the high fees and unusual transaction patterns observed.
Source (2.6)https://decrypt.co/316640/monero-jumps-51-after-suspicious-transfer-of-333m-in-bitcoin?rand=52368
