this post was submitted on 23 May 2025
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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The Monero pump finally explained! ... maybe (infosec.pub)
submitted 1 week ago by antidote@monero.town to c/monero@monero.town
13 comments fedilink hide all child comments
 

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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