> Ever since most liquidity has been pulled Monero is rising (which is counter intuitive
Not sure if it’s counterintuitive. Can be explained with the increase of monetary premium. When you make a commodity difficult to obtain, you effectively give it additional monetary premium. Illegal drugs and items almost in all cases get more expensive rather than cheaper. Currently there’s stigma around Monero, but it’s not outright made illegal. If Monero gets delisted by all exchanges, my guess it will shot up in fiat value much more than today. Same could happen to Bitcoin if put in similar circumstances. Enforcement doesn’t remove demand, it amplifies it by constraining supply.