The post Why XMR Price Surging Today appeared on BitcoinEthereumNews.com.

Monero (XMR), known for its focus on privacy and anonymity, has surged nearly 50%, reaching its highest level since May 2021 at $389. Currently priced at $262, its trading volume has surged by a staggering 363%, reaching $251 million in just 24 hours So, what’s behind this massive price jump?  Bitcoin Theft Pump XMR Price by 50% The main reason for this price jump is linked to a suspected Bitcoin theft. Around 3,520 BTC, worth $330.7 million, was stolen and transferred to a specific address. Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M) Theft addressbc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike… — ZachXBT (@zachxbt) April 28, 2025 Shortly after, these stolen Bitcoins were exchanged for Monero, driving a 50% increase in XMR’s price, hitting $389. Surge in Open Interest Signals Bullish Trend In addition to this theft-driven boost, Monero’s Open Interest (OI) also reached a new high, showing a rise in market interest. CoinGlass’ data shows that the futures’ OI in XMR at exchanges rose from $20.27 million on Sunday to $22.52 million on Monday. This growing interest signals new money entering the market, suggesting that more gains could be on the way. XMR Pump Lead to $1.37 in liquidaiton This price surge has also led to substantial liquidations across major exchanges. According to Coinglass data, over $1.37 million in liquidations occurred in the last 12 hours, with the majority coming from short positions.  A total of $1.16 million was lost on short positions, while long positions faced $205.88k in liquidations. More Surge Coming For XMR – Hint Technical Chart With rising Open Interest, the technical chart shows that Monero is showing promising signs of…

---

Filed under: News - @ April 28, 2025 11:23 am