Speaking of XMR, I have experienced several key moments of this privacy coin. Back in 2021, I participated in mining with multiple computers and cloud servers, and I was quite optimistic about this project’s prospects at the time. I witnessed it rise from just over $200 to over $500 before the end of 2017, and during that period, market sentiment was indeed very high.

But everyone knows what happened afterward—the price continued to decline and failed to maintain that high level. The recent market movement is even more outrageous, with extremely abnormal trends. A close look at the charts reveals that this kind of surge is entirely a manipulation tactic by the big players, turning XMR into a tool for harvesting. Retail investors see the coin’s price skyrocketing and jump in blindly, only to become lambs waiting to be slaughtered. The logic behind these extreme fluctuations is clear—attract hot money, create FOMO, and then ruthlessly dump.

From a miner to an observer now, my stance is very clear: I am firmly bearish on XMR at this stage. The market has been excessively manipulated, and the risks far outweigh the opportunities.