$XMR shows classic whale driven behavior.
This rally into a fresh ATH looks less like organic demand and more like coordinated whale activity. When price accelerates vertically without proportional fundamentals, it usually signals distribution, not strength.
The market has seen this pattern before. $ZEC followed a similar path, aggressive pumping at the top, followed by a deep collapse once liquidity exited. XMR is now displaying comparable characteristics.
Altcoins do not defy gravity. When price is pushed too far, too fast, correction is inevitable. A pullback below 500 USD in the near term is a realistic scenario, not an extreme one.
Traders should stay cautious. Chasing manipulated highs is how capital gets transferred, not created.