this post was submitted on 23 May 2025
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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.

Source: Trade brains

Source: @MoneroMavrick

Source: @MoneroMavrick

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[–] Saki@monero.town 2 points 3 weeks ago (2 children)

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

[–] antidote@monero.town 2 points 3 weeks ago (2 children)

Privacy coins are never getting back on the good side of regulators, never.

That theory is indeed very dubious.

[–] Saki@monero.town 1 points 3 weeks ago (1 children)

Yeah, most probably. It's crazy, though: they're now saying that: privacy-by-default = bad, no-privacy = good. That's the EU for you?

[–] antidote@monero.town 1 points 3 weeks ago (1 children)

The EU has gone crazy. They are impotent, and less and less relevant on the world stage.

Nevertheless they just want to centralize everything and control everything. I would for sure start looking for a plan B if I were there.

I think they will be the first to have both digital ID and CBDC. Combine that with limited cash tolerance and they can start sanctioning their own citizens for wrongthink and herding them back in line.

[–] Saki@monero.town 2 points 3 weeks ago

I think they will be the first to have both digital ID and CBDC.

Or possibly Israel will be? Or China. Paying/Having cash may become illegal eventually.

[–] WarmApplePieShrek@lemmy.dbzer0.com 1 points 3 weeks ago (1 children)

The USA is stopping all regulators

[–] antidote@monero.town 2 points 3 weeks ago

Wdym? They can't stop other countries from banning it