Monero Vulnerable to CEX Dumping Despite Increased Usage
I think that even if the global drug trade shifted to Monero, centralized exchanges would likely convert and dump that inflow, driving the price down. Privacy-driven transaction demand alone probably wouldn’t prevent large-scale selling when CEXs need to exit positions.
That means Monero’s price is more vulnerable to exchange custody and liquidity management than to darknet transaction volumes.
Analysis
Recommendation
Given the risk of exchange-driven dumping, avoid initiating long positions or consider selling until custody and conversion dynamics change.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.