Mystery Bitcoin Whale Move Sends Monero Soaring 50%—Because Privacy Still Scares Banks

A single suspicious Bitcoin transaction—large enough to trigger surveillance alarms—has sent Monero (XMR) skyrocketing overnight. The privacy coin’s 50% surge smells like institutional panic over untraceable assets.

Whale watchers spotted the Bitcoin transfer hitting exchanges yesterday, followed immediately by Monero buy walls. Coincidence? Unlikely. This is how money moves when TradFi compliance teams start sweating.

The spike exposes crypto’s open secret: decentralized privacy tools remain Wall Street’s nightmare. While regulators obsess over ETF flows, real money still bypasses KYC checks with a few atomic swaps.

Bonus jab: Guess those ’risk management’ departments missed the memos about crypto being ’just a fad.’ Again.

Around nine hours ago, 3,520 $BTC, worth approximately $330.7 million, was suspiciously transferred from a victim’s account. The Bitcoin was swiftly swapped for Monero ($XMR) through several exchanges, causing a significant 50% increase in XMR’s price. This sudden surge in value has raised questions, with many speculating that the large transaction may have manipulated the market. The event underscores how large crypto transfers can significantly impact token prices.