Binance Observes Monero’s Surge Amid $330M Bitcoin Hack Fallout

Monero (XMR) experienced a dramatic 50% price surge to $388 following revelations of a $330 million Bitcoin hack where stolen BTC was converted into XMR. The incident, traced by blockchain investigator ZachXBT, has highlighted Monero’s role as a preferred privacy asset for large-scale capital movements, creating a supply shock in the market.

Monero (XMR) Surges 50% Following $330M Bitcoin Hack Conversion

Monero’s XMR skyrocketed 50% to $388 in a sudden market move, outpacing even top Solana meme coins. The rally stems from a $330 million Bitcoin hack where stolen BTC was converted into XMR, creating a supply shock.

Blockchain investigator ZachXBT traced the transaction to an OG Bitcoin address losing 3,520 BTC. The forced Monero buy-up underscores its enduring role as the privacy asset of choice for large-scale capital movements.

Ethereum’s Crucial $2200 Level: Bullish Breakout or Bearish Reversal?

Ethereum stands at a pivotal juncture as it tests the $2,200 resistance level—a breach could signal renewed bullish momentum, while failure may invite intensified selling pressure. Whales appear to be positioning for a potential exit, with significant ETH inflows observed on Binance.

The correlation between Bitcoin and Ethereum transactions suggests investors are bracing for market turbulence. Analysts view the $2,200 threshold as the linchpin for Ethereum’s near-term trajectory, with the next daily close likely determining whether bulls or bears seize control.