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

  • SakiEnglish
    11·
    5 hours ago

    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

    • blep420English
      2·
      4 hours ago

      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 network

      then 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