MLM: Suspected $23 million in hacker funds to buy XMR triggered currency price fluctuations

According to MLM monitoring, three days ago, someone withdrew about $29.3 million USDC from Coinbase and began exchanging it for DAI, which is suspected to have been hacked or phished. Yesterday, the account began exchanging DAI back to USDC and USDC to Monero (XMR) through multiple wallets. The analysis shows that about 17 to 4 hours ago, the relevant addresses purchased a total of about 23 million US dollars of XMR, which contributed to an increase of nearly 15% in the XMR price during this period. Currently, these accounts still hold around $4 million of DAI on the chain, but they haven't continued to buy XMR.