boom in the price of XMR between privacy and money laundering

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boom in the price of XMR between privacy and money laundering

Last night the price of XMR (Monero) suddenly surged. It was a movement of strong magnitude, as well as very fast, especially when compared to the trend of the previous months.

However, it could be just a case, since the cause seems to be only occasional.

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The historical trend of the price of Monero (XMR)

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XMR is the native cryptocurrency of Monero.

Over the last few years, it has lost a lot of value because due to its very high level of privacy, it has been delisted from many important centralized exchanges. Currently, the three main exchanges by trading volume for XMR are MEXC, KuCoin, Bitfinex, HTX, and Kraken.

In 2021 it reached its all-time high over $517, but in the following years it plummeted to around $100, and there it effectively remained until February of last year.

Before the electoral victory of Donald Trump, it had risen to about $150, and even in the days following his victory, it did not deviate much from that figure.

It then had a significant rebound in December, when it managed to climb back above $200, and in 2025, unlike many altcoins, it continued to perform well.

In fact, in January it exceeded $230, and in February it nearly reached $240.

Monero (XMR): the boom of last night

Yesterday the price of XMR was just below $230, which is close to the relative peak of January.

Note that it was a level 50% higher than that of the end of October, although still 54% below the highs of 2021.

At a certain point tonight, it suddenly jumped to almost $300, a level not seen since September 2021. That sudden 40% jump was then followed by a brief drop, and then by a further rise, so much so that the daily peak was even reached at $390, a level that has been surpassed only twice in the entire history of Monero, both during the great speculative bubbles of past cycles.

However, after that very brief peak, the price has returned below $300, and now it seems to have settled around $270, which is still 14% higher than yesterdays level.

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The causes of the instant Monero (XMR) rally

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The cause that seems to have triggered this sudden and enormous movement, although brief, is however occasional, and not structural or fundamental.

In fact, it has been revealed that 3,520 stolen BTC have been laundered into XMR.

Given that the countervalue in dollars is over 330 million, this move has had a significant impact on the Monero market.

It should not be forgotten, in fact, that by now XMR is a cryptocurrency with limited volumes, so much so that in the last 24 hours the total volume on the exchanges does not exceed 250 million dollars.

At the moment when a significant portion of the 3,520 BTC stolen were sold to purchase XMR, suddenly the buying pressure on Monero skyrocketed, causing its price to soar, as the selling pressure remained low.

All this happened on six instant exchanges, so the surge in the price of XMR was inevitable.

Forecasts and future trend

The effect of such movements on the price of XMR may not have concluded yet.

In fact, it is possible that the subject who sold the stolen BTC to purchase XMR did so only partially, also precisely because this initiative caused the price of Monero to skyrocket.

Therefore, it is possible that over the next few hours, or the next few days, it will continue to sell BTC to buy XMR, even if at a slower pace.

Within a few days, or a few weeks, this dynamic should completely run its course, thus ceasing to have effects on the price of Monero.

In the meantime, however, the price of XMR, after quickly inflating and deflating, has not yet returned to the starting point of $230.

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The advantage of Monero

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The reason behind the initiative to sell the stolen BTC to cash in XMR is that transactions in Monero are indeed public, but encrypted.

In other words, now that he has converted BTC to XMR, despite a certain loss due to the increase in the purchase price of Monero, the subject can move his XRM to other wallets, making the origin untraceable.

Once moved to other wallets, they cannot be blocked or tracked, precisely because the movement is encrypted and causes the loss of the connection with the originating wallet.

Monero is used precisely for this characteristic, which is also the reason why many exchanges have delisted it.