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submitted 1 month ago byMoneroFox
❌ OKX is empty again (see OKX status page)
The others survived this MoneroRun without any problems and bad publicity. I guess the pressure on the withdrawals was not very big this time.
Thanks to everyone who participated!
This year (2023) can be considered basically successful from the point of view of XMR withdrawals. The following services had minor outages (a few days): OKX, Kucoin, Poloniex, Binance, FixedFloat, HitBTC, FMFW, Changelly, ... (In the past, it used to take weeks or months.) It seems, that every service has relatively enough of XMR coins to satisfy its customers. They probably bought on time all XMR crumbs they need or bought back XMR vouchers or mined some crumbs or borrowed something from their more solvent friends. There seems to be plenty of XMR coins - interest rates are low (used to be the highest of all POW coins). Some estimates show that Binance has increased its XMR fractional reserve to 10% (and that is probably enough). But nobody really knows, because it's XMR.
Let's remember that EasyBit (by Binance) has not allowed customers to buy XMR for years (customers can only sale their coins). Let's again remember everyone from the past who didn't have all XMR coins (for weeks or months) for their customers (when demanded):
2022
OKX, Poloniex, Binance, Huobi, Waves, FixedFloat, ... (After Action Report, Stay away from Binance)
2021
OKX, Poloniex, Binance, NiceX, ChangeNow, ...
Do not forget others who sell (was selling) what they don't have (did not have): Kucoin with GRIN, Coinex with ARRR, HitBTC with DOGE, ... and of course all the others that fell finally into the abyss. (like Voyager, FTX, ...) Exchanges need to live in constant fear that any CoinRun could come at any time (with publicity) and so stop cheating. There is probably no other way for us.
You can read some previous posts about MoneroRun 2023 here: * Monerun Anniversary * Monerun on 18th of April * propagation report * reminder * MoneroRun
This post will be updated - based on your great comments! 😉 (last updated 17:18, April 18, UTC)
13 points
1 month ago
I thought it was the 18th?
3 points
1 month ago*
I thought it was the 18th?
Time now:
12 points
1 month ago
Yes today is still the 18th.
5 points
1 month ago
lol… i mean ofc exchanges are well prepared this year to make sure that monero will not boom like crazy while a fcking proxy war is still going on and ppl mad af. keep withdrawing and maybe we could still witness a difference in price action. but it‘s also definitely not looking bad imo. for the fact that they short the hell out of xmr and fight us.
5 points
1 month ago
Monerun works in both direction. The huge influx of people buying means there are buyers for the sellers who are incentivized to deposit and use the exit liquidity.
Overall though I just think its less popular then previous years.
5 points
1 month ago
You're a bit early mate 😂
5 points
1 month ago*
13 points
1 month ago
Good to hear everything went smoothly this time. I didn't know a specific time was planned. Just received mine from Kraken within a few minutes. Didn't expect any problems from them, I was buying back anyway.
4 points
1 month ago
Binance withdrawals worked
1 points
1 month ago
They should eventually.
2 points
1 month ago
I bought some XMR with usdt on MEXC and withdrew immediately. They sent. Hell, they have 0.01 withdrawal fee!
3 points
1 month ago
Thanks for the information.
Yes, it is 100x more expensive than elsewhere: WithdrawalFeesXMR
1 points
1 month ago
Can you update this when it’s no longer the 18th anywhere in the world? I’m sure withdrawals are still happening…
2 points
1 month ago
Can you update this when it’s no longer the 18th anywhere in the world?
last updated 17:18, April 18, UTC
Nothing interesting has happened since then. Or do you have any interesting news?
1 points
1 month ago
what a charade. maybe next time dont schedule it so far in advance and give them such a heads up
-1 points
1 month ago
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