Monero Price Surge Likely Attributable to Large Hack: ZachXBT

On-chain researcher ZachXBT may have determined why privacy coin Monero (XMR) surged as much as 40% early Monday: Someone probably got hacked.ZachXBT reported that 3,520 bitcoin (BTC) ($330.7 million) was drained from an address and then swapped for XMR.Market data shows a spike in volatility coming from an excess in buy orders for the XMR-BTC order book source: https://www.coindesk.com/markets/2025/04/28/monero-price-surge-likely-attributable-to-large-hack-zachxbt