$330M Bitcoin Whale Movement Sparks Privacy Coin Frenzy—Monero Pumps 20%

Blockchain sleuth ZachXBT just dropped a bombshell: a single Bitcoin transaction worth $330 million triggered market tremors—and an unexpected Monero rally. Here’s why the suits on Wall Street missed it.

When whales move, markets notice. This 8,000 BTC transfer—likely an OTC deal or exchange shuffle—sent shockwaves through crypto Twitter. But the real action happened in privacy coins.

Monero (XMR) suddenly spiked 20% as traders speculated about… creative accounting. Because nothing says ’legitimate wealth management’ like a privacy coin mooning after a nine-figure Bitcoin move.

Pro tip for institutional investors: next time you lecture about ’transparency,’ remember where the smart money goes when it really wants to disappear.

Why This Might Be a Theft

ZachXBT highlighted the signs they identified before concluding it was likely a theft. The origin address had held BTC for an extended period and often interacted with well-known crypto exchanges like Coinbase and Gemini.

The alleged stolen funds were “transferred in small increments to instant exchanges, creating hundreds of orders.” The crypto investigator believes the hacker lost a significant amount to fees, suggesting it would have been inefficient for the genuine owner to do this.

Scams in the crypto world have been on the rise, with notable incidents such as Coinbase falling victim to a phishing scam. This resulted in users losing over $46 million, further highlighting the growing risks in the space.

ZachXBT Flags $330M Bitcoin Transfer, Sparks Monero Price Increase