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Monero Price Jumps 50% Amid $330M Suspicious Bitcoin Transfer

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Summary
Nutrition label

56% Informative

Monero price has soared by over 50% over the last 24 hours as XMR trades at $ 264 while daily trading volume is approaching a 400% spike.

On-chain security expert ZachXBT says a Bitcoin heist and multiple XMR swaps to launder the stolen asset are responsible for the surge.

The theft address and other on-chain indicators provide further confirmation of a BTC heist.

The victim is potentially an OG Bitcoiner with BTC holdings older than 2015 .

VR Score

29

Informative language

12

Neutral language

21

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formal

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English

Language complexity

43

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short-lived

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