{"id":24203,"date":"2025-04-28T17:16:45","date_gmt":"2025-04-28T17:16:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24203"},"modified":"2025-04-28T17:16:45","modified_gmt":"2025-04-28T17:16:45","slug":"monero-xmr-up-50-heres-the-real-reason-why-xmrusdt-is-pumping","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24203","title":{"rendered":"Monero (XMR) Up 50%, Here\u2019s The Real Reason Why XMRUSDT Is Pumping"},"content":{"rendered":"<div>\n<p><em>Monero surged 50% to $388 after a $330M Bitcoin hack. Stolen BTC converted to XMR, triggering a supply-demand shock. Will the XMRUSDT rally continue?<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">In an unexpected turn of events, XMR, the currency powering the privacy-focused crypto network Monero, soared 50%, reaching $388 per Binance data.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At this pace, not only was the XMRUSDT pair the best-performing coin, outperforming even some of the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">best Solana meme coins<\/span><\/a><span data-preserver-spaces=\"true\">, but the spike in valuation highlighted Monero\u2019s importance and its role in the broader crypto sphere.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.tradingview.com\/x\/kqfcK5YC\/\" width=\"1499\" height=\"859\"><\/p>\n<p><strong>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/x\/kqfcK5YC\/\" target=\"_blank\" rel=\"noopener nofollow\">XMRUSDT<\/a>)<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">With XMR prices soaring, analysts and traders were left scrambling to understand the catalyst behind the rally. As it turned out, the spike to $388 was due to a massive Bitcoin hack. An OG address lost 3,520 BTC, worth over $330 million today.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to blockchain investigator ZachXBT, the stash was quickly converted to XMR, triggering a supply-demand shock in the Monero market.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">XMRUSDT Surging After Large-Scale Bitcoin Conversion?<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Today, ZachXBT flagged a wallet belonging to a longtime BTC holder who is speculated to be actively using Gemini, River, or Coinbase to move funds.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Funds were moved to the address <\/span><em><span data-preserver-spaces=\"true\">bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g<\/span><\/em><span data-preserver-spaces=\"true\">, which ZachXBT identified as a theft address.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M)<\/p>\n<p>Theft address<br \/>bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g<\/p>\n<p>Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike\u2026<\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1916756932763046273?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Within hours, the stolen funds were funneled through six instant exchanges and converted to XMR, a network renowned for its privacy features that obscure transaction trails.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This large-scale whale conversion of BTC to XMR created a sudden spike in demand, driving prices as high as $388. Coincidentally, even some of the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">hottest presales to buy in 2025<\/span><\/a><span data-preserver-spaces=\"true\"> are picking up momentum.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The rapid influx of funds into the XMR market, known for its low liquidity, heightened volatility, fueling the 50% spike in valuation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Overall, XMR markets have low liquidity following delistings by Binance and Coinbase. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Binance will delist <a href=\"https:\/\/twitter.com\/hashtag\/Monero?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Monero<\/a> in less than 12 hours. <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@binance<\/a> also has Monero withdrawals halted for the past several hours citing &#8220;low hot wallet balance&#8221;<\/p>\n<p>Why would they not have ALL of their XMR in hot wallet knowing their delisting schedule?<\/p>\n<p>Manipulation til the last minute. <a href=\"https:\/\/t.co\/lROoduXCuS\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/lROoduXCuS<\/a><\/p>\n<p>\u2014 \u1d1c\u0274\u1d1b\u0280\u1d00\u1d04\u1d07\u1d00\u0299\u029f\u1d07 (@DontTraceMeBruh) <a href=\"https:\/\/twitter.com\/DontTraceMeBruh\/status\/1759680195806544364?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 19, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The only major exchanges supporting XMR are Kraken (available for non-European users) and Bitfinex. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On Kraken, the average daily volume is less than $20 million. In contrast, on average, XRP, which is available on top exchanges, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">posts<\/span><\/a><span data-preserver-spaces=\"true\"> over $500 million in daily volume on Binance alone.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Why Monero?<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Unlike Bitcoin or Ethereum, Monero transactions are private by default and cannot be traced.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The platform employs features such as stealth addresses and ring signatures, which make transactions difficult for third parties to track.<\/span><\/p>\n<p>\u00a0<\/p>\n<p><iframe loading=\"lazy\" title=\"What is Monero? A Beginner\u2019s Guide\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/qrUq0v5VgdU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p><span data-preserver-spaces=\"true\">These characteristics make XMR the preferred coin for users who prioritize privacy and, unfortunately, for those looking to launder funds.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In this case, the hacker\u2019s approach of converting small amounts of stolen BTC to XMR across six exchanges shows an intent to avoid detection.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">By using multiple transactions and instant exchanges, the address incurred higher fees but gained greater privacy.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong> <a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">17 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions &amp; Analysis<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Monero Surges 50% to $388 After $330M Bitcoin Hack <\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">XMRUSDT spikes after a reported Bitcoin hack<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">XMR rally due to its thin liquidity after delisting from top exchanges, including Binance and Coinbase<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Monero transactions are untraceable because it uses features like Stealth addresses and ring signatures<span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">With Monero prices rallying, it underscores the crucial role of the privacy-focused network <\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/monero-xmr-up-50-heres-the-real-reason-why-xmrusdt-is-pumping\/\">Monero (XMR) Up 50%, Here\u2019s The Real Reason Why XMRUSDT Is Pumping<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Monero surged 50% to $388 after a $330M Bitcoin hack. Stolen BTC converted to XMR, triggering a supply-demand shock. Will the XMRUSDT rally continue? In an unexpected turn of events, XMR, the currency powering the privacy-focused crypto network Monero, soared 50%, reaching $388 per Binance data. At this pace, not only was the XMRUSDT pair [&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-24203","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\/24203","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=24203"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24203\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}