Monero (XMR) price, the sudden increase at the beginning of the week drew attention. The price early in the morning from $ 232 to $ 331, caused a suspicious movement in the markets.
Monero (XMR) rise
According to market data, Monero increased by 50 percent in a period of about eight hours. This increase began with a sudden price splashing in the early hours. However, when the continuation of the mobility could not be achieved, the Monero value was partially withdrawn after the rise. The XMR is currently trading around 263 dollars.
Allegedly, a transfer of 3520 Bitcoin is considered as the beginning of a suspicious movement. This process took place by dividing the high amount of funds into instant, small pieces and sending them to various stock exchanges. According to the details of the transaction, it is claimed that the damage is one of the major American stock market users.
Expert Opinions and Details of the Transaction
The leading On-Chain detective Zachxbt said in his share on social media and that this movement is unusual. In a statement, the suspect transfer to Monero after the transformation of the price of sudden rise, he noted.
Zachxbt: “Nine hours ago, a suspicious transfer was made. This movement may be an indication that the money was stolen.”
According to the data controlled after the incident, the funds were translated into Monero via various instant platforms. Comments were made that the process could be a hacking case based on technical analysis and suspicious movement patterns. Bitcoin did not change during the day, the last 7 days increased by 6.5 percent.
In the crypto market, investors continue to closely monitor such high consistent and instant transactions. Large trading transactions have much larger results on prices in shallow liquidity environment.
It is important for investors to take careful steps considering the current risks in the face of sudden price movements and high -volume transactions. Uncertainties and fluctuations in the crypto market remind market participants that they should be cautious.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
