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Suspicious Bitcoin Transfer Triggers 50% Surge in Monero Price

Published by
Elena R

Around nine hours ago, 3,520 $BTC, worth approximately $330.7 million, was suspiciously transferred from a victim’s account. The Bitcoin was swiftly swapped for Monero ($XMR) through several exchanges, causing a significant 50% increase in XMR’s price. This sudden surge in value has raised questions, with many speculating that the large transaction may have manipulated the market. The event underscores how large crypto transfers can significantly impact token prices.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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