A "suspicious" transfer worth around 3,520 ($330.7 million) occurred on Sunday, which appears to be a theft event, according to on-chain investigator ZachXBT.

ZachXBT reported on X that the transfer was made from a potential victim's wallet to the address "bc1qcry...vz55g." Shortly after the transfer, the stolen funds were laundered through more than six exchanges and converted to Monero to obfuscate the activity. This triggered an immediate 50% spike in XMR's price due to the size of swaps and thin liquidity on the platforms.

https://www.theblock.co/post/352105/apparent-bitcoin-theft-worth-330-million-spikes-monero-price-in-laundering-frenzy-zachxbt