According to ZachXBT, in late 2024, after Elham's release, funds stolen from Zkasino were laundered using chainhopping techniques across ZkSync, Starknet, EVM-compatible chains, and Solana. The funds were dispersed through multiple channels: cashing out to OTC brokers, converting to XMR via instant crypto exchanges, and trading across networks. These laundering activities have increased cross-chain transaction volumes and heightened scrutiny on privacy coins and decentralized exchanges, directly impacting liquidity, risk assessment, and trading strategies for assets like SOL and XMR. (Source: ZachXBT on Twitter, June 16, 2025)

According to Mihir (@RhythmicAnalyst) on Twitter, Monero (XMR) experienced a significant price surge of 35% following a recent post, as verified by the attached chart. This sudden upward movement in XMR signals increased buying momentum, making it a key watchlist candidate for short-term traders. The spike is attracting notable attention within the crypto trading community, suggesting heightened volatility and potential for further swings. Traders should closely monitor support and resistance levels on XMR/USD and pay attention to liquidity and volume changes for optimal entry and exit points. Source: twitter.com/RhythmicAnalyst/status/1916665014749892986

According to Omkar Godbole from MMS Finance, CMT, Monero ($XMR) is experiencing a significant price surge. Traders are capitalizing on its privacy features, which have become increasingly attractive in the current market environment. This surge is supported by increased adoption and trading volume as investors seek privacy-oriented cryptocurrencies (source: Twitter).