According to Wu Blockchain, MLM monitoring has revealed that three days ago, a certain address (0x3d1c...9a44) withdrew $29.3 million USDC from Coinbase and began converting it to DAI. The funds are suspected to be proceeds from theft or phishing. Yesterday, the address started converting DAI back to USDC and used multiple wallets to exchange USDC for XMR via Wagyu(.)xyz. Over the past 17 to 4 hours, the entity involved purchased a total of $23 million worth of XMR, driving Monero (XMR) prices up by nearly 15% during the process. Currently, the address still holds approximately $4 million worth of DAI on-chain but has paused further XMR purchases for now. https://www.(wublock123.com)/news/news-61920