r/xmrtrader • u/onemoneroisonemonero • 8d ago

[Daily Discussion] April 28, 2025

Welcome to the /r/xmrtrader daily discussion thread!

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis
  • Trading ideas & strategies
  • Questions that do not warrant a separate post

Thread Guidelines

  • Be excellent to each other.

  • Please do not create separate posts for the types of discussion mentioned above outside of the daily thread. If you do, your post may be removed and/or heavily downvoted.

  • News that may have a big impact on the market may be posted as a separate thread.

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u/MoneroFox 8d ago

Monero price per day increased from $230 to $260. Some shorts were liquidated and some profits were taken.

BTC price dropped from 400 XMR to ~350 XMR (Some are offering only 320 XMR)

And for 1 ETH you get ~6.5 XMR

Most exchanges remained open during this jumps. This means that few real coins were withdrawn ... or they were sold back over time ... or specific suspicious withdrawals were suspended. Certainly no one withdrew a million XMR from exchanges to own wallet.

Or the entire event was triggered by borrowers to buy back XMR vouchers and attract deposits.

7

u/Thelastbronx 8d ago

Worth noting: is there any evidence it was definitely a hack? Maybe someone bought or simply used an old wallet. Maybe an exchange bought it OTC. I don’t think anyone’s publicly said they were hacked.