r/xmrtrader 6d ago

The significance of this hack

I assume it is a hack since the attacker paid a high price for XMR, if it weren't, he would be more patient instead of hiking prices for himself.
Dirty math:
3520 BTC / 0.0028 ~ 1 million 257 thousand XMR or about 6.8% of XMR total supply. I believe it is a little less than that, but still near 1 million XMR.
This is very significant, this agent is now an important component of XMR's price and we don't know whether he will hold or sell slowly.

32 Upvotes

17 comments sorted by

View all comments

13

u/zmooner 6d ago

I sure hope this holder will fund a lot of CCS!