XMR Soars Over 40% This Morning Before Pullback, Market Cap Reenters Top 30

BlockBeats News, April 28th, according to HTX market data, XMR surged this morning, reaching a peak of 44% to touch $329. In just 9 hours and 1 hour, the maximum increase was as high as 38% (low of $238; high of $329), and has now fallen back to $273.

According to CoinGecko data, XMR's market cap is currently reported at $4.855 billion, re-entering the top 30 in cryptocurrency market cap rankings. The total network trading volume in the past 24 hours is $98.55 million, with 58.45% of the trading occurring on the KuCoin platform (including USDT, USDC, BTC, and ETH trading pairs).

Correction/Report

RelatedRecommended

The Monroe XMR will be upgraded to a hard bifurcation at around 3am on December 1, using a new ASIC algorithm

XMR Surges Over 50% in One Week: Who's Buying?

In an environment of comprehensive "blacklisting," XMR's price increase is driven more by on-chain real privacy demand and miner front-running than by chasing traditional funds.

The privacy coin sector saw a general decline, and XMR fell by nearly 15% in 24 hours

The regulatory environment has recently tightened.

Menlo coin is expected to be upgraded to the main network at the end of this month

Upcoming events this week: The asset recovery time for the XIRTAM incident is September 4th, and the Bullshark Quest 2 event launched by Mysten Labs will end on September 6th.

Key events to look out for from September 4th to September 8th.

On-Chain Activity