đ¨ Breaking News â Special Coverage â Developing Story đ¨
New York City â 10:58 PM EST
Monero (XMR) has officially blasted into a new allâtime high this week, soaring to ~$797â$798 and marking one of the most dramatic privacyâcoin rallies in recent history đđ.
According to several market reports, the surge pushed XMR nearly 80% above its recent weekly lows, putting the token at the center of global attention as onâchain analysts raced to understand what triggered such an explosive move. [theblock.co], [cryptowatchdaily.com]
In a rapid followâup investigation, renowned crypto sleuth ZachXBT linked the sudden price spike to a $282M multiâchain theft, where stolen BTC and LTC were funneled covertly into Monero through multiple instantâswap platforms đđĽ.
The attacker, who executed a sophisticated socialâengineering hardwareâwallet scam on January 10, began aggressively converting the stolen funds into XMR, generating massive buyâside pressure and overwhelming the coinâs liquidity â a move that analysts say likely served as a key catalyst behind the sudden ATH breakout. [cryptobriefing.com], [ainvest.com]
$XMR
The laundering flow, routed partly through THORChain and various exchange pathways, created an artificial supply squeeze that amplified Moneroâs vertical move, with prices stabilizing afterward in the $670â$700 range, still up significantly from preâincident levels âĄđ.
The investigation is ongoing, with ZachXBT tracking multiple suspected wallets as the market digests the implications of one of the largest theftâlinked price dislocations in recent memory. [cryptowatchdaily.com]
#MoneroATH #ZachXBT #PrivacyCoins #CryptoBreakingNews đľď¸ââď¸đĽđđ¨