Tracing April 2025 Bitcoin Movements and Monero Surge

Blockchain investigator ZachXBT reported that approximately 3,520 BTC (~$330M) were transferred from a suspicious address, coinciding with sharp Monero (XMR) price surges. According to his post, the stolen funds began to be laundered through six or more instant swap exchanges. As of this writing, no public disclosure of a specific hacked entity has been made. The Timeline of XMR-USD Events (All times are Eastern Time, New York) ~6:00 PM, April 27 (Sunday) — Initial Monero buying begins; volume starts increasing steadily. ~9:25 PM, April 27 — XMR peaks at $303.23 after a gap jump, with peak dollar volume reaching $19.9M. ~11:15 PM, April 27 — XMR drifts lower to $258.13, with significantly reduced trading volume. ~1:50 AM, April 28 (Monday) — Price surges to a high of $339.19. The move involves eight rounds of violent upward and downward swings, with each push accompanied by $10M–$20M in dollar volume. ~5:10 AM, April 28 — The majority of large whale-driven trading ends; the price drifts down to $261.81. ~5:10 PM, April 28 — The session low is recorded at $250.59. ~7:31 AM, April 29 — XMR drifts higher toward the $270s with significantly lower trading volume. While total observed trading volume during the XMR spikes exceeded $120M, estimates of net laundering activity suggest approximately $50M worth of Bitcoin was converted during the active window.

Apr 29, 2025 - 14:05

Tracing April 2025 Bitcoin Movements and Monero Surge

Blockchain investigator ZachXBT reported that approximately 3,520 BTC (~$330M) were transferred from a suspicious address, coinciding with sharp Monero (XMR) price surges.

According to his post, the stolen funds began to be laundered through six or more instant swap exchanges.

As of this writing, no public disclosure of a specific hacked entity has been made.

The Timeline of XMR-USD Events

(All times are Eastern Time, New York)

~6:00 PM, April 27 (Sunday) — Initial Monero buying begins; volume starts increasing steadily.
~9:25 PM, April 27 — XMR peaks at $303.23 after a gap jump, with peak dollar volume reaching $19.9M.
~11:15 PM, April 27 — XMR drifts lower to $258.13, with significantly reduced trading volume.
~1:50 AM, April 28 (Monday) — Price surges to a high of $339.19. The move involves eight rounds of violent upward and downward swings, with each push accompanied by $10M–$20M in dollar volume.
~5:10 AM, April 28 — The majority of large whale-driven trading ends; the price drifts down to $261.81.
~5:10 PM, April 28 — The session low is recorded at $250.59.
~7:31 AM, April 29 — XMR drifts higher toward the $270s with significantly lower trading volume.

While total observed trading volume during the XMR spikes exceeded $120M, estimates of net laundering activity suggest approximately $50M worth of Bitcoin was converted during the active window.