Monero (XMR) has pulled back 7% from its all-time high following reports of a substantial liquidation. According to market data, approximately $300M worth of XMR was offloaded in recent trading activity, triggering the recent downward pressure on the privacy-focused token. The sudden selling wave from major holders has caught the attention of traders monitoring on-chain movements. Privacy coins have been experiencing increased scrutiny and volatility, and such large-scale transfers continue to influence short-term price action. Market participants are keeping close watch on whether support levels will hold or if further selling pressure may emerge.