Seeing friends ask whether they can turn around a 500 yuan XMR short position, the rapid surge indeed caught everyone off guard. Want to know the logic behind it? Actually, the key point is——Monero has no founder.

This is not a flaw, but rather the greatest advantage.

No CEO, no celebrity face, and no one who can be arrested. In April 2014, Monero was launched anonymously, and within days it was forked by the community, with the creator disappearing without a trace. Even its underlying technology, CryptoNote, originates from another mysterious developer, predating 2013.

Since then, Monero has never relied on any leader—it depends on code, economic incentives, and community consensus. Technologically, ring signatures ensure transaction privacy, stealth addresses conceal recipient identities, Dandelion++ network protocol prevents tracing, and tail emission mechanisms protect miners’ interests. Even in the face of bans, sanctions, and various pressures, it continues to upgrade and iterate.

In contrast, while other projects collapse under regulatory storms, Monero continues to operate as usual. This resilience of decentralization is precisely why the market is optimistic about it. As for how the specific market will move, that’s another story.