Monero Skyrockets 50% Overnight — Here's Why?

 Monero (XMR) has shocked the market by jumping more than 50% in just a day. However, this rally isn't driven by regular market excitement — it’s tied to an alleged Bitcoin theft and laundering operation.

Monero's Surprise Rally

Over the last 24 hours, Monero's price has skyrocketed by over 50%, reaching a daily high of $339.
Trading volumes also exploded, touching $254 million — a staggering 380% increase compared to normal activity.
While most other cryptocurrencies showed modest gains, Monero clearly stole the spotlight.

Currently XMR price trading at $272.01 as per Coinpedia Market data.

For a more detailed XMR price prediction, check out our full analysis!

What Triggered Monero’s Price Spike?

On-chain security expert ZachXBT shared on X that the sudden surge wasn’t organic.
Instead, it links back to a suspicious transfer of 3,520 Bitcoins (worth about $330 million) from a potential victim.

Shortly after the transfer, the bad actors reportedly began laundering the stolen Bitcoin by swapping it for Monero across at least six instant exchanges.
This high-volume swapping caused Monero’s price to shoot up quickly.

“Shortly after the funds began to be laundered via 6+ instant exchanges, they were swapped for XMR, causing the XMR price to spike 50%,” ZachXBT explained.

Signs of a Large-Scale Scam

believes the theft involved an older Bitcoin holder — possibly using platforms like Gemini, Coinbase, or River.
The stolen funds were broken down into smaller transactions to avoid detection, creating hundreds of orders across various exchanges.

This pattern of movement points to a highly organized scam operation, with potential losses running into millions of dollars.

Interestingly, ZachXBT also mentioned that it’s unlikely that North Korean hackers were involved this time, although they have been linked to other crypto hacks before.
Instead, he suggests the victim could be an original Bitcoin holder with coins dating back before 2015.

Bitcoin Remains Calm Despite the Scandal

While Monero’s price soared because of the laundering activity, Bitcoin’s price remained relatively stable, hovering around $94,000.
Although many investors are optimistic about Bitcoin crossing the $100,000 mark, broader economic uncertainties still pose challenges.

Monero’s recent surge may look impressive on the surface, but the reason behind it raises serious concerns.
Investors should stay cautious, especially when price movements are driven by suspicious activities rather than real growth.