Monero as Hack-Cycle Trade
At least one trader is going max long XMR on the thesis that hack proceeds flow through Monero, not ZEC or BTC, with the Railway hack cited as the catalyst.
What we know
An account on X laid out a detailed thesis: XMR is the privacy coin of choice for actual hackers (ZEC transactions are public by default), the Railway hack confirms the trend, and the trade rhymes with post-Fortinet cybersecurity stock moves. He entered at $630 avg with stink bids to $590, and noted XMR was already moving before he posted. He also flagged that CeFi and off-chain crypto liquidity is more exposed than DeFi to the current supply chain attack wave — an angle not yet widely discussed on the timeline.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.