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

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[–] Saki@monero.town 2 points 1 month ago (9 children)

That's possible. I happened to see these weird/questionable theories elsewhere, not really convincing:

"There are also rumors that major exchanges are thinking about relisting XMR, which, when combined with Monero's lower liquidity and more concentrated holdings, can lead to major price movements"

"Researchers say part of that growth is due to a shift in the U.S. regulatory tone. The FIT21 crypto bill is picking up steam, and the SEC is taking a step back from labeling privacy coins as securities. This seems to be helping the market out a bit. It looks like the easing of pressure has led to more money flowing back into assets like Monero"

"There is also a lot of excitement about Monero's upcoming FCMP++ upgrade, which is expected later this year."

https://u.today/xmr-explodes-past-350-is-monero-finally-back

"Perhaps ironically, the surge is being fueled by this regulatory purge."

[This may be right.]

"Monero's rise is reactive rather than entirely organic. Fearing censorship, there is a rush toward decentralization."

https://u.today/monero-xmr-surges-with-3900-volume-skyrocketing

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