Monero (XMR) Sparks Up 50% Price Rally For A Shocking Reason
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A staggering Bitcoin (BTC) theft could have served the pivotal boost for Monero’s (XMR) 50% upswing on Monday, famous on-chain detective claims. According to ZachXBT, a suspicious transfer for a whopping 3,520 Bitcoin (BTC) was done at approximately 1 AM on Monday morning. https://twitter.com/zachxbt/status/1916756932763046273 Worth $330.7 million, the fraudulent Bitcoin (BTC) transfer was later swapped into Monero (XMR), the popular privacy blockchain’s native crypto. The money laundering activity was allegedly done via 6 different crypto currency exchanges, while XMR was likely chosen due to untraceable traits. Monero (XMR) Price Reacts With Explosion Tremendous green candle sticks arrived on Monero’s
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