$23 million in hacker funds buy orders caused XMR to rise 15% in a single day.

This is nothing new; privacy coins have long been used as tools for hackers to launder money, but this signal is more worth warning about:
When on-chain data can clearly trace the entire process of hackers withdrawing USDC from Coinbase, exchanging for DAI, and then buying XMR, the "anonymity" narrative of privacy coins is being dismantled by on-chain analysis tools.
The hackers choosing XMR over other privacy coins indicates that Monero's liquidity depth and dark web acceptance remain the top choices.
But the problem is that this buying activity is pulse-like — once the hackers complete their asset transfer, the XMR price lacks sustained support.
More critically, events like Circle freezing Zama contracts and the US seizing Iranian crypto assets show that regulatory pressure on privacy protocols is tightening.
For traders, such "fund-driven" price increases carry extremely high risks: you can't tell when hackers will sell off, nor can you predict whether the next exchange will cooperate in freezing related addresses.
The pricing power of privacy coins essentially lies between the hackers' money laundering rhythm and the intensity of regulatory crackdown.
$usdc #xmr #DeFi #稳定币 #On-chain data