Monero (XMR) Price Surges to $799 Amid $282M Theft Speculation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Breakthrough: Monero (XMR) surged to an all-time high of $799 in early January 2026 before correcting to $626, reflecting strong market interest in privacy-focused assets amid rising regulatory scrutiny.
- Theft Incident Impact: Blockchain investigator ZachXBT linked a $282 million theft on January 10 to XMR's price surge, with the victim losing 1,459 BTC and 2.05 million LTC, part of which was rapidly converted to XMR, creating short-term buying pressure.
- Technical Structure Analysis: Despite the theft's attention, XMR's market cap grew from $8 billion to over $12 billion, indicating sustained price movement and a shift in market sentiment, suggesting the rally was not solely driven by the theft event.
- Future Outlook: Technical analysis identifies $610 as a critical support level; if XMR holds above this, the potential for further upside increases, while a failure could lead to a drop to $498.30, maintaining an overall optimistic market sentiment.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
