this post was submitted on 23 May 2025

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The Monero pump finally explained! ... maybe (monero.town)

submitted 4 weeks ago by [email protected] to c/[email protected]

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According to the latest rumor, some Asian darknet overlords are responsible.

They have billions in non-fungible digital money, and they are moving it into Monero because the Alphabet boys came down on them.

Haowang Guarantee was larger than the Silk Road, larger than Hydra, just the "largest illicit online marketplace to have ever operated", with $27 Billion of transactions since launching in 2021.

Source: Trade brains

Source: @MoneroMavrick

Source: @MoneroMavrick

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[–] [email protected] 2 points 3 weeks ago

I think they will be the first to have both digital ID and CBDC.

Or possibly Israel will be? Or China. Paying/Having cash may become illegal eventually.