Monero (XMR) Surges 21% in 60 Minutes—Here’s Why

Privacy coin Monero (XMR) just ripped a 21% gain in under an hour, leaving traders scrambling for explanations. Three catalysts drove the move:

1. Exchange Relisting Rumors: Whispers of XMR returning to a major European platform sparked buy orders.

2. Miner Capitulation Flip: Hashrate recovery after last week’s drop signaled renewed network confidence.

3. Options Expiry Squeeze: Shorts got steamrolled when $6.2M in bullish contracts came due.

Of course, the ’privacy’ narrative always gets extra juice when regulators start barking about CBDCs—how very convenient.

It’s now sitting at $311.62, up 35.28% in the last 24 hours, with a $5.74 billion market cap and $158.71 million in trading volume, which skyrocketed 194.40%. The coin’s been on a tear, gaining 44.01% this week and 41.74% over the past month.

Since its launch in 2014, Monero has been all about keeping transactions private, using fancy cryptography to hide who’s sending and receiving funds. Unlike Bitcoin, where payments can often be traced, Monero keeps things under wraps, making it a top pick for anyone wanting to stay anonymous.

But why the sudden spike? Nobody seems to know. Twitter’s blowing up with people asking the same question, throwing around guesses, and even running polls. Some think it’s big investors jumping in, or maybe Monero’s privacy edge shining in a world obsessed with tracking. So far, though, it’s a mystery.

With about 18.4 million coins out there, Monero’s a heavyweight in crypto. This rally has everyone buzzing, but without a clear reason, traders are staying cautious. The market’s unpredictable, and this pump proves it. Everyone’s waiting for news that might explain what’s going on, but for now, Monero’s stealing the spotlight.

Also Read: Will XRP price Explode as RLUSD Hits $76M on AAVE?