A recent interesting phenomenon has gone viral. According to Israeli media reports, high-level officials in Iran transferred $1.5 billion abroad via cryptocurrency within just 48 hours, with the son of a senior official alone moving $328 million to Dubai. As a result, XMR hit a new all-time high.

Why is this happening? To put it simply, Iran is really desperate right now. There is military pressure from the US and Israel—although Trump publicly said to pause operations, multiple media outlets report that he is actually still consulting with allies on when to act. Even more complicated is the domestic situation, which has been chaotic since late last year, with large-scale protests erupting, peaking at over 150 events in one day across 27 provinces, with some areas even experiencing armed confrontations.

The economy has also collapsed, with the rial plummeting against the dollar. Under this double crisis, the wealthy naturally look for ways to move their assets to safer places. Cryptocurrencies, due to their cross-border speed, regulatory gray areas, and difficulty in tracking, have become the preferred choice. Large transfers have boosted demand for privacy coins, pushing XMR to new highs.

This situation reflects a phenomenon: whenever geopolitical uncertainty arises, the hedging properties of cryptocurrencies are amplified. Capital knows no borders; it will always find an exit.