Monero’s Wild Ride: From Bitcoin Heist to Skyrocketing Prices – You Won’t Believe What Happens Next!

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Oh my God, have you heard about Monero (XMR)? It’s just *exploded*—and I mean that in the best way possible. Prices have surged nearly 50%, hitting a mind-blowing $389, which, by the way, is the highest it’s been since May 2021. It’s currently sitting pretty at $262, with trading volume going absolutely bananas—up by a jaw-dropping 363%! That’s a cool $251 million in just 24 hours. What a rollercoaster ride! 🎢

So, why is XMR suddenly acting like it just had too many energy drinks? Let’s dive in…

Bitcoin Theft + XMR = 50% Price Spike

Ready for this? The reason behind the surge is something straight out of a heist movie. A suspicious 3,520 BTC (worth a whopping $330.7 million) got *stolen*—yes, stolen—and transferred to a mysterious address. 🙀

Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M)

Theft address
bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g

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

And voilà, just like that, these stolen Bitcoins were swapped for Monero. Cue the fireworks! 🎆 This resulted in XMR’s price rocketing up 50%, hitting $389 like a rocket to the moon. 🚀

Open Interest Going Through the Roof – Yup, Bullish Much?

But wait—there’s more! It’s not just the theft that’s driving up prices. Monero’s Open Interest (OI) has hit a new all-time high. Basically, this means more people are betting on the future of XMR. According to CoinGlass, OI on XMR at exchanges jumped from $20.27 million on Sunday to $22.52 million on Monday. So, yeah, it’s not just the crypto nerds—there’s real interest here! 📈

This signals that new money is flooding into the market, so buckle up, because more gains might be on the horizon. 💸

And Here Comes the Liquidation – $1.37 Million Gone in 12 Hours

Oh, and did I mention the massive liquidations? Thanks to the price surge, people who were betting against XMR (aka the short-sellers) are now crying into their crypto pillows. A massive $1.37 million was liquidated in the last 12 hours. A lot of it came from short positions—$1.16 million, to be exact. But don’t feel too bad for them, long positions lost $205.88k too. Ouch! 😬

Hold On to Your Hats – More XMR Action Coming?

Looking at the technical charts, things are looking VERY promising for XMR. The price just broke above an ascending triangle on the daily chart—hello, 27% rally! If it can hold steady around $289, we might see it pushing towards $345. And who knows, maybe even the coveted $400 mark. 💰

However, don’t get too comfortable, because the Relative Strength Index (RSI) is sitting at a high 82, which is technically “overbought.” But some indicators still suggest that the bullish momentum is strong. So, could we see a continued climb? Stay tuned… 📊

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2025-04-28 12:28