According to the latest rumor, some Asian darknet overlords are responsible.
They have billions in non-fungible digital money, and they are moving it into Monero because the Alphabet boys came down on them.
Haowang Guarantee was larger than the Silk Road, larger than Hydra, just the “largest illicit online marketplace to have ever operated”, with $27 Billion of transactions since launching in 2021.
That’s possible. I happened to see these weird/questionable theories elsewhere, not really convincing:
“There are also rumors that major exchanges are thinking about relisting XMR, which, when combined with Monero’s lower liquidity and more concentrated holdings, can lead to major price movements”
“Researchers say part of that growth is due to a shift in the U.S. regulatory tone. The FIT21 crypto bill is picking up steam, and the SEC is taking a step back from labeling privacy coins as securities. This seems to be helping the market out a bit. It looks like the easing of pressure has led to more money flowing back into assets like Monero”
“There is also a lot of excitement about Monero’s upcoming FCMP++ upgrade, which is expected later this year.”
https://u.today/xmr-explodes-past-350-is-monero-finally-back
“Perhaps ironically, the surge is being fueled by this regulatory purge.”
[This may be right.]
“Monero’s rise is reactive rather than entirely organic. Fearing censorship, there is a rush toward decentralization.”
https://u.today/monero-xmr-surges-with-3900-volume-skyrocketing
Privacy coins are never getting back on the good side of regulators, never.
That theory is indeed very dubious.
The USA is stopping all regulators
all those “theories” are from the LLMs written articles, seen many of those from the “news” section on coingecko’s monero page
the relisting of exchanges? bullshit, centralized exchanges are what’s wrong with the cryptospace nowadays
they’re giving a user experience so bad with their whole KYC (see coinbase leaks recently), with the whole withdrawal closed (but deposit open) because they’re running fractional scams as seen last year with binance delisting and more recently MEXC that had withdrawals closed for a whole month since monerorun on april 18th
which as a reminder that’s what the monerorun is for, exposing those shady practices from centralized exchanges
like, no one wants that, it’s meant for self custody, we have the tech nowadays with DEX
https://retoswap.com/
that’s where it’s at rn, and if it goes down, an other network than Reto can spin a new Haveno networkthen u being about the regulations or whatever, like who gives a fuck about that honestly
some more “news” that happened recently was the whole “oh no, the EU gonna ban the Monero by 2027”
meanwhile haveno gets the more adoption coming for the EU as can be seen from https://haveno.markets/
so clearly, nobody gives a fuck
if there are local sellers of the 420s even tho the regulations be like “420 bad”
then there will also be local sellers of the XMRs even tho the regulations be like “XMR bad”
circular economy, that’s what’s up, that’s what the Bitcoiners lost, they pretty mad about it tbh lol“There is also a lot of excitement about Monero’s upcoming FCMP++ upgrade, which is expected later this year.”
historicaly there alot of delays so would say maybe mid 2026? idk, lots of audits that could add delays or whatever sometimes…
most of your quotes seems to be pretty much the exact same as all the LLMs written articles seen around
LLM bullshit as the reason for these weird theories, that actually makes a lot of sense.
Poor journalists, they are going extinct while our brains are fed clickbait LLM diarrhea.
had the same thoughts after seeing the reddit thread for it as well:
https://old.reddit.com/r/Monero/comments/1ks7a1o/worlds_largest_darknet_market_take_down_40b/
that links to that article with slighty different numbers but still in about the same ballpark:
https://www.elliptic.co/blog/elliptic-data-telegram-market-takedownback in april there was also the whole “3520” BTC ($330M at the time) that been “social engineered to some US boomer by some somalian in the UK”, still waiting on more news regarding if any arrest been made since they allegedly identified the “thefts”?
that was what started the pump since alot of those been transfered to XMR through instant swap exchangesand more recently the coinbase hack that their customer service been bribed to leak customers accounts, also about $300M worth stollen but only seen reports of the troll $42.5M transaction transaction to ETH with the “L bozo <youtube link>” message:
https://xcancel.com/officer_cia/status/1925341673879445757
so havent seen report on those getting transfered to XMR but maybe some have been slowly?but for that chinese market, it’s actually a fuck ton of users in the $bilions so guessing it’ll definitely have an impact on that buy pressure overtime as well as the short term
Epic trolling, I hadn’t heard about that.
The hackers that dare troll the alphabet boys are either opsec noobs or god-tier.
But most of the god-tier opsec hackers know that the game is about not pissing off the alphabet boys too much, otherwise they will invest more and more in catching you, and you just need to slip once…
maybe they been trolling from the start too lol:
https://www.mollywhite.net/micro/entry/202505211606A Coinbase data breach filing with the Maine Attorney General finally gives us some more detail than Coinbase’s vague “less than 1% of monthly transacting users”. 69,461 people were affected, and Coinbase says the data breach occurred on December 26, 2024.
“69,461”, that’s like so close to the expected “69,420” lol, maybe just a coincidence, or they got a bit too greedy and added an extra 41 cases or some more insider fuckery got in the mix too, or could also just be a coincidence, who knows
not sure an opsec vs the alphabet boys even a possibility either tbh, they always end up getting fucked on the most dumbest shits
smh
https://old.reddit.com/r/xmrtrader/comments/1ku90lu/daily_discussion_may_24_2025/mu2jf7r/ffs, could you remove your sell orders at $420.69?
guess he talking about on haveno? havent checked, just stoopid lol
opsec fails do be like that sometimes…