Monero (XMR) experienced extreme volatility over the past 24-48 hours, spiking to an intraday high of $432.79 on June 12 before retreating to $345.33 by June 13—a sharp 20.2% pullback from its session peak. The dramatic price action was triggered by a large stablecoin movement linked to potential money laundering activity, followed by swift regulatory intervention from Tether.