Monero surges an impressive 14 percent. From its recently reclaimed support level between $220 and $230, Monero climbed steadily, reaching $347 on Monday morning.

The allegations of suspicious transfer of Bitcoin worth over $330M were made during this dramatic price movement. Crypto analysts noted that it may have been laundered through Monero from investors and blockchain investigators.

Key-Takeaways:

• Suspicious Bitcoin transfers worth $330 million followed by a surge of 14 percent for Monero, whose price hit a four-year high. Said to have been laundered through Monero, its price and investor interest were driven by analysts.
• Although Monero’s privacy features are strong, their use of Monero in illegal activities has raised concerns. This is because large-scale fund transfers resulted in increased transaction costs and price volatility.

As Monero Surges It Coincides with Suspicious Bitcoin Transfers 

ZachXBT, one of the on-chain detectives, was quick to link Monero’s price surge to the suspicious activity. On Sunday night, he had identified a suspicious transfer of 3,520 BTC amounting to roughly $330.7 million.

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 (@zachxbt) April 28, 2025

Monero surges immediately after the transfer. Shortly after the Bitcoin move, the funds were allegedly laundered through many more than six instant exchanges.

It also appears to be correlated to timing analysis of blockchain movements. Coinciding with the suspicious transaction, Monero’s price spiked sharply.

Many highlights could be found that pointed to this type of theft. A long-term Bitcoin holder owned the wallet at the time on regulated exchanges, including Gemini, River, and Coinbase.

The $330 million in Bitcoin was moved suddenly, and Monero surges. The transfers were broken into small amounts, with hundreds of orders placed across instant exchanges.

This methodology compel the owner to incur losses in the seven-figure range due to excessive fees. For normal trading operations, it made the process highly inefficient.

Also, there was no relation between ZachXBT and the Lazarus Group of North Korea, ZachXBT dismissed the connection. This theft differs from the group’s recent $1.5 billion Ethereum heist from Bybit exchange.

Initially market observers tried to figure out what had brought Monero to new heights but were unsuccessful. There had been no typical catalysts, such as increased wallet addresses, new holders, or media hype.

In both the Bitcoin and Monero blockchains, suspicious transactions were spotted, which solved the mystery. The transactions showed a massive transfer of funds that was apparently meant to be concealed with the help of Monero’s privacy mechanisms.

Monero surges following the dramatic pump has been partially retraced. The cryptocurrency has lost more than 25 percent off Monday’s high and trades in the $250-$260 range.

Crypto analyst Rekt Capital commented that XMR successfully retested the range low of $214 as support. It happened as the market was recovering.

Since 2022, Monero has been contained in the $112-$214 price range. Instead, though, it broke up over this range’s resistance line during the post-US elections breakout in the month of November.

Once the rally for Q3 2024 happened, Monero made its big move due to the main $214-$286 area. Historically this range has been a primary area for a strong support and resistance point.

The range’s upper boundary has been broken previous times, resulting in large rallies. There were moves toward the all-time high of $542 reached in 2018 and the high of $480 in 2021.

XMR has dropped below $214 and held around $200 as support until it bounced back during Q1 2025 retracements. Like the last early April pullback, which brought the cryptocurrency to this level, it came back two weeks ago.

Monero surges past $230 for the first time since February, and technical analysts point to the pattern of seeing the altcoin surge in an early 2021 pattern. XMR reclaimed that range and retested its lower boundary before breaking out to cycle highs during the time.

If this pattern continues and Monero continues at its current range, the analysts suggested it could place itself on the verge of a move above the $300 barrier. Though the cycle highs this could target were controversial in their nature, they could do so nonetheless.

The Privacy Features and the Cases of its Controversial Use

One of the main values of Monero is its privacy protection, which is more powerful than Bitcoin or other cryptocurrencies. The main engineering goal for the design is to provide complete financial privacy to its users.

While Bitcoin operates on a public blockchain, Monero is increasingly popular with the users who want their privacy. To mask information on transactions, it relies on ring signatures, stealth addresses, and RingCT technology.

Once funds enter the Monero ecosystem, these features make it virtually impossible to determine who sent, who received, and the amounts of transactions. A key reason for its appeal is its level of anonymity, which is this high.

But as Monero surges in price, its potential for illicit activity as a result of its privacy features has increased. A major dilemma of including large amounts of money through the Monero network is highlighted well by the current case.

In normal operations, Monero is a lightly traded cryptocurrency, having daily volumes of about $67 million. But pushing a little over $330 million through the system makes transacting more costly for all parties involved, and the prices rise dramatically.

This means that cost was not something making very much difference in this situation. This drew attention to the consequences of moving large amounts of funds through Monero, as it contributed to the increase in prices of the network.

Conclusion

Monero surges can be considered both a blessing and a bitter reality for the entire cryptocurrency ecosystem. It offers very effective privacy features to hide transaction trails; however, some privacy-led digital assets raise questions about its relevance in the longer run when legal frameworks are designed to fight against money launderers and offenses.