Monero spiked today and CT was buzzing with reports of people finally appreciating XMR's technology.

turns out it was just a hacker laundering their spoils:

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

Monero spiked today and CT was buzzing with reports of people finally appreciating XMR's technology.

turns out it was just a hacker laundering their spoils:

https://x.com/zachxbt/status/1916756932763046273