🚨 Breaking News – Special Coverage – Developing Story 🚨
New York City — 10:58 PM EST
Monero (XMR) has officially blasted into a new all‑time high this week, soaring to ~$797–$798 and marking one of the most dramatic privacy‑coin rallies in recent history 🌑🚀.
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 on‑chain analysts raced to understand what triggered such an explosive move. [theblock.co], [cryptowatchdaily.com]
In a rapid follow‑up investigation, renowned crypto sleuth ZachXBT linked the sudden price spike to a $282M multi‑chain theft, where stolen BTC and LTC were funneled covertly into Monero through multiple instant‑swap platforms 🔍💥.
The attacker, who executed a sophisticated social‑engineering hardware‑wallet scam on January 10, began aggressively converting the stolen funds into XMR, generating massive buy‑side pressure and overwhelming the coin’s liquidity — 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 Monero’s vertical move, with prices stabilizing afterward in the $670–$700 range, still up significantly from pre‑incident levels ⚡📈.
The investigation is ongoing, with ZachXBT tracking multiple suspected wallets as the market digests the implications of one of the largest theft‑linked price dislocations in recent memory. [cryptowatchdaily.com]
#MoneroATH #ZachXBT #PrivacyCoins #CryptoBreakingNews 🕵️♂️🔥📊🚨