Kraken Suspends Monero Deposits After 51% Attack — Short‑term Sell Signal

I view Kraken's suspension of Monero deposits after a reported 51% attack as a clear sign of elevated network and custodial risk.

I expect heightened volatility, reduced liquidity, and downward pressure on XMR as exchanges and holders react to potential double-spends and chain reorganizations.

I will avoid initiating new long positions until the network demonstrates lasting stability and exchanges restore deposits with clear mitigation measures.