Overview
- Monero rose to roughly $592–$596 on Jan. 12, marking a new all-time high after an early-January breakout.
- Open interest in Monero futures climbed about 54% in 24 hours to roughly $192.8 million, according to CoinGlass data.
- The combined market value of privacy-focused tokens increased about 15% in a day, briefly topping $20 billion.
- Investors rotated away from Zcash following reported developer departures at Electric Coin Company, with ZEC dropping nearly 20% and XMR taking the top privacy-coin market-cap slot.
- Market participants cautioned that liquidity is concentrated on offshore venues, which can fragment price discovery and heighten short-term volatility.