{"id":24104,"date":"2025-04-28T09:01:41","date_gmt":"2025-04-28T09:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24104"},"modified":"2025-04-28T09:01:41","modified_gmt":"2025-04-28T09:01:41","slug":"monero-price-surge-likely-attributable-to-large-hack-zachxbt","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24104","title":{"rendered":"Monero Price Surge Likely Attributable to Large Hack: ZachXBT"},"content":{"rendered":"<div>\n<p>On-chain researcher ZachXBT may have determined why privacy coin Monero (<a href=\"https:\/\/www.coindesk.com\/price\/monero\">XMR<\/a>) <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/28\/moneros-xmr-rockets-40-as-xrp-leads-crypto-majors-gains\">surged as much as 40%<\/a> early Monday: Someone probably got hacked.<\/p>\n<p>ZachXBT reported that 3,520 bitcoin (<a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\/\">BTC<\/a>) ($330.7 million) was drained from an address and then swapped for XMR.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/54b88cd8ed5342ee5892eef7ffa1c866769cc4af-1426x430.png?auto=format\" alt=\"(Blockchain.com)\" title=\"(Blockchain.com)\"><\/p>\n<p>Market data shows a spike in volatility coming from an excess in buy orders for the XMR-BTC order book.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/293d210e97437c4fa68e6148078a0c67672914a2-2027x819.png?auto=format\" alt=\"(CryptoMeter.io)\" title=\"(CryptoMeter.io)\"><\/p>\n<p>Market observers initially had a hard time determining what caused the major spike as metrics such as active wallets and network activity hadn&#8217;t risen accordingly.<\/p>\n<p><a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/31\/it-s-back-to-bitcoin-for-darknet-markets-after-monero-s-binance-delisting-chainalysis\">Liquidity for XMR<\/a> has been limited during the past few months as major exchanges delisted the privacy token in a bid to fight dark net markets. The lack of liquidity would have made any sizeable buy a catalyst for outsized pricing gains. <a href=\"https:\/\/www.coingecko.com\/en\/coins\/monero\">CoinGecko data<\/a> shows that the order depth for XMR is significantly smaller than for tokens of similar market cap.<\/p>\n<p>XMR is trading for over $300 according to <a href=\"https:\/\/www.coindesk.com\/price\/monero\">CoinDesk markets data.<\/a><\/p>\n<p><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On-chain researcher ZachXBT may have determined why privacy coin Monero (XMR) surged as much as 40% early Monday: Someone probably got hacked. ZachXBT reported that 3,520 bitcoin (BTC) ($330.7 million) was drained from an address and then swapped for XMR. Market data shows a spike in volatility coming from an excess in buy orders for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24104","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24104"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24104\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}