Monero on‑chain activity still dey after plenty exchanges delist am; dem don find network spy‑node risks
TRM Labs find say Monero (XMR) still get on‑chain activity pass wetin e be before 2022 for 2024–2025 despite say many big exchanges delist am (73 exchanges for 2025 including Binance, Coinbase, Kraken, OKX, Huobi and Bitstamp). XMR dey show higher transaction volumes and realized volatility — 30‑day realized volatility about 2.5× of BTC and ETH — meaning say na committed privacy‑seeking users dey use am, no be casual traders. TRM report say near 48% of new darknet markets wey start for 2025 na XMR‑only, show sey demand for untraceable payments don strong as Bitcoin and stablecoins dey face more tracing and issuer controls. Ransomware actors dey more dey ask for Monero and sometimes dem dey give incentive for XMR payments, but most real‑world ransom payouts still dey settle for Bitcoin because e get liquidity and e easy to convert. For network layer, TRM and academic partners detect non‑standard behaviour for about 14–15% Monero P2P peers — anomalies for relay behaviour, message timing and infrastructure concentration — fit weak network‑layer privacy assumptions even though Monero protocol cryptography still intact. As response, Monero developers release Fluorine Fermi update (v0.18.4.3) for October 2025 to improve peer selection and steer wallets comot from suspicious “spy nodes.” Key takeaways for traders: delistings no kill demand but dem restrict liquidity, so e support higher volatility and thin order books; privacy‑driven use (including darknet demand) dey underpin baseline activity but e limit mainstream convertibility; network‑layer surveillance risks and software updates fit affect user confidence and node‑level privacy expectations. Keywords: Monero, XMR, privacy coin, delisting, spy nodes, darknet markets, Fluorine Fermi, TRM Labs.
Neutral
The news na neutral overall for XMR price. Positive tings: steady on‑chain activity and constant demand—specially from privacy‑seeking users and darknet markets—dey support baseline trading interest and fit prevent value collapse. Negative tings: mass delistings from exchanges (73 exchanges) don limit liquidity well well, dey widen spreads and reduce market depth; dis one increase realized volatility and make big trades more costly and risky. Network‑layer findings (14–15% of peers dey show anomalous behaviour) dey raise privacy concerns wey fit scare some users and reduce demand from privacy‑sensitive institutional or retail participants. Short term: expect elevated volatility and thin order books, so price swings fit dey bigger and liquidity events go dey more impactful. Long term: persistent privacy demand fit sustain XMR market niche, but regulatory pressure and limited on‑ramps dey keep broader adoption and deep liquidity constrained—this one cap upside and preserve higher volatility. Overall, opposing forces (enduring demand vs. restricted liquidity and regulatory pressure) roughly balance, producing neutral price outlook.