- Monero (XMR) reached a new intraday high above $595, lifting its market capitalization past $10.8 billion.
- XMR jumped nearly 20% on Monday and ranked among the top 20 cryptocurrencies by market value.
- The DFSA implemented a ban on privacy tokens within the Dubai International Financial Centre (DIFC), restricting use and trading there.
- A post noting more than 73 exchanges delisted XMR in 2025 and actions such as Binance removing XMR pairs reduced trading access and tightened supply.
- Other privacy coins lagged: ZCash fell over 18% and Dash dropped more than 12%, while a post reported the core Zcash developer team stepped down last week.
On Monday, Monero (XMR) climbed nearly 20%, reaching an intraday high above $595 and pushing its market cap past $10.8 billion. Traders cited renewed interest and tighter trading access after numerous exchange delistings in 2025 as drivers for the move, while a regulatory ban in Dubai took effect the same day.
Data from CoinGecko showed the rally eclipsed Monero’s previous peak of $518 from May 2021. The token traded near $575 at the time of reporting and held a spot among the top 20 cryptocurrencies by market value, as retail sentiment on Stocktwits shifted to “extremely bullish” from “bearish” and chatter rose to “extremely high” from “high”.
The DFSA notice enacted a ban on privacy coins across the DIFC, prohibiting their use, promotion, trading, and related fund activity within or from the jurisdiction. Regulators cited heightened anti-money-laundering and sanctions compliance risks as the reason for the tighter rules.
Market participants noted that limited trading access after delistings helped reduce speculative supply; a post said more than 73 exchanges removed XMR in 2025, and Binance delisted XMR pairs in August 2025. Meanwhile, other privacy tokens underperformed: Zcash dropped more than 18% and Dash fell over 12%, and a post reported core Zcash developers stepped down amid a governance dispute.
The wider crypto market edged about 0.4% lower on Monday morning, with Bitcoin near $90,000. Stocktwits sentiment for Bitcoin eased to “neutral” from “bullish” as overall chatter remained at typical levels.
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