Monero (XMR) Hits 2025 High as Whisper-Market Demand Creeps Back
Privacy coin shrugs off regulatory FUD—traders quietly stack XMR while Wall Street still can’t define ’blockchain.’
Bullish momentum builds as Monero’s untraceable ledger sees its first sustained volume spike since the 2023 crackdowns. Darknet? Institutional OTC desks? Nobody’s telling—but somebody’s buying.
Key drivers: Renewed interest in censorship-resistant assets post-CBDC trials, plus that classic crypto cycle where everyone pretends privacy isn’t politically toxic for exactly 18 months.
Watch the order books: If this rally holds, even compliance-obsessed exchanges might ’accidentally’ relist XMR... just in time for the next dump.
XMR gets a boost from Asian markets
The recent exposure for Monero on social media does not immediately translate to increased global trading. There are several specifics around XMR that may cut the rally short.
More than 50% of XMR volumes are on KuCoin and HTX, exchanges that are usually difficult to access for international traders. XMR is also traded on smaller markets with significant counterparty risk.
The asset is mostly banned from US-based and EU brokerages and exchanges due to its anonymous origins and untraceable wallets.
Exchanges may also have problems with XMR withdrawals and reserves in the case of real rising demand for the coin. Some market operators also use a tokenized version of Monero. The asset is difficult to track.
In the past day of growth, the XMR/ETH pair on KuCoin also showed anomalous activity, with volumes rising by over 274% in a day. The XMR/ETH pair was also highly active at the end of April as the hacker tried to swap out assets, leading to peak volumes.
The other activity hub for XMR was Kraken, where the busiest pair expanded its volumes by over 1,621%.
The biggest shift came from the smaller market Bitrue, where XMR activity spiked by 10,000% in an otherwise low-liquidity pair. The available liquidity for XMR may still be low for a proper bull market. In the short term, XMR has often outperformed other altcoins and even BTC.
The revival of XMR is not only in its market activity. Monero mining is at an all-time high, more than doubling since April 2024. The network hashrate grew exponentially in the past month, showing a trend of returning to the network as a source of newly mined privacy coins.
Miners produce only 432 XMR per day, comparable to the BTC mining reward. The coin remains scarce as exchanges carry insignificant balances. Acquiring XMR may be the most accessible for miners, causing real scarcity for potential buyers.
Monero uses CPU and GPU mining, offering easier access compared to ASIC.
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