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XMR

Monero Down 17% as Qubic’s 52% Hashrate Sparks 51% Attack Fears

Breaking: I note Monero (XMR) has dropped more than 17% over the past week, as several exchanges — including MEXC, HTX, FixedFloat and WhiteBit — have suspended XMR deposits and withdrawals.

I also highlight that the Qubic domain raises a potential 51% attack risk, with the threat of double-spend and transaction censorship. The sell-off is being linked to reports that Qubic may be controlling roughly 52% of Monero's hashrate, stoking fear among investors.

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AI Analysis

The reported suspension of deposits and withdrawals by platforms like MEXC, HTX, FixedFloat and WhiteBit intensifies market stress: exchange halts reduce on-chain liquidity and amplify selling pressur...

AI Recommendation

Given the severity of the allegations and the exchange suspensions, I recommend reducing exposure to Monero until there is transparent, verifiable information about hashrate distribution and exchange ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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