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Monero price spikes after $120M USDT laundering attempt exposes liquidity limits

Market News
12 Jun 2026
Tokenpost
View Source
Bullish
pluang ai news

Monero (XMR) saw a sharp price surge after a suspected $120.2 million USDT laundering operation moved funds into the privacy coin, pushing prices from $330 to a peak of $475 before settling near $380. The large buy orders highlighted Monero's limited market liquidity, as major exchanges have delisted it, making large discreet trades difficult. Tether froze about $72 million of linked USDT, but around $48 million moved beyond reach. This event shows that while privacy coins protect identity, liquidity constraints can reveal large transactions through price spikes rather than blockchain transparency.

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