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Monero (XMR) has surged 50% in just 24 hours, hitting a new yearly high as futures open interest skyrocketed. The privacy coin’s explosive rally follows a potential theft-linked transaction and bullish technical patterns.
- XMR's futures open interest surged to $30.38M, the highest since December 2024, signaling strong market interest.
- A large BTC-to-XMR swap, possibly linked to a $330M theft, triggered the price explosion.
- Technical analysis shows XMR broke an ascending triangle pattern, with a potential rebound target of $345 after a short correction.
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