Monero's cryptocurrency, XMR, experienced a significant rally, jumping 30% late Thursday and continuing to rise by approximately 5% on Friday. The surge is reportedly linked to a $120 million USDT money laundering transfer, according to crypto analyst ZachXBT. This development has drawn attention to Monero, known for its privacy-focused features, amid ongoing discussions about its use in illicit activities.
Monero's XMR Surges Amid Alleged Money Laundering Activity
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