The recent aggressive price action on $XMR is not a random market fluctuation. It is a direct consequence of on-chain capital flight following the massive security breach involving 282 million USD in $LTC and $BTC
On-chain analysis suggests the perpetrator is aggressively swapping stolen assets into Monero to utilize its privacy features for laundering.
Given Monero's relatively lower liquidity profile compared to major caps, this massive influx of buy volume creates an immediate supply shock, driving the price vertically.
The subsequent retail FOMO merely amplifies a move that originated from illicit utility.
There is a critical trading lesson here for veteran market participants. Whenever a major exchange or wallet hack occurs, immediately monitor the order books of privacy assets.
These tokens fundamentally serve as the exit liquidity for bad actors, creating predictable, short-term buy pressure events regardless of broader market sentiment.
Analyze the current volume and price action on XMR below to determine if the accumulation is still ongoing or if the local top has been reached.
