Monero's 2025 journey reveals a fascinating market mechanism at play. After getting delisted from 73 exchanges this year, the privacy coin surged from its previous all-time high of $556 to a current trading level of $654. What's intriguing is the timing: CME futures didn't arrive until December 16, well after the delisting wave had already begun—not the other way around. The $150 million open interest now sits at record highs, signaling serious institutional attention. Here's the market dynamic worth watching: when you systematically reduce spot trading availability across major venues, you create a supply crunch precisely when institutional players need exposure. Institutional capital doesn't disappear; it just finds alternative routes. The futures market becomes that outlet.