Monero Surges to New High with 50%, Driven by Crypto Heist and Market Activity

Monero (XMR) experienced a remarkable price surge of 50% in just hours, reaching its new all-time high of $317. This explosive jump is being attributed to a recent surge in trading volume associated with a large cryptocurrency theft, followed by an aggressive money laundering operation using Monero. The stolen Bitcoin was quickly transferred through various instant swap services and converted into Monero, fueling the price increase.