Monero Slips as Hashrate Shock Raises Network Doubts

Monero (XMR) slips as hashrate shock raises network doubts. Monero has come under heavy selling pressure after Qubic, a mining pool founded by former IOTA co-creator Sergey Ivancheglo, seized a commanding share of the network’s computing power. That concentration allowed several chain reorganizations, sparking unease about whether the privacy coin had suffered a genuine 51% breach or a calculated experiment to probe its resilience. Security analysts flagged the development as a case of “selfish mining,” where outsized control over hashrate enables block manipulation and disrupts confidence in transaction finality.

🚨 Monero faces rare security scare 🚨
Qubic claims majority hashrate, triggering reorgs & a 16% price drop.
What it means for PoW security & exchanges 🧐
Full analysis via @realHodlHorizon 👇https://t.co/4WOpE2a5qR#Monero #XMR #CryptoNews #Blockchain #PoW

— Hodl Horizon (@RealHodlHorizon) September 7, 2025

The disruption has forced Monero’s community to re-examine long-standing assumptions about the robustness of its proof-of-work safeguards. The market response was swift. Within days of the turmoil, XMR dropped close to 16%, settling near $250. For a token typically seen as more insulated from rapid swings, the decline highlighted investor concern that unresolved security cracks could drag on performance and extend the bearish momentum.

Key Monero Levels To Watch – September 10

XMRUSD is currently consolidating below the $280.0 resistance level, showing signs of exhaustion in bullish momentum. The price is projected to retest the $300.0 supply zone, where heavy selling pressure could emerge.

A rejection from this area would likely drive the pair back toward $244.0 support. If bearish momentum persists, the decline could extend toward $230.0 in the coming sessions.

XMR Key Levels

Resistance Levels: $300.00, $314.70, $357.60
Support Levels: $244.40, $230.10, $210.10

Market Metrics

Total Market Capitalization: $3.94T
Monero Market Capitalization: $4.96B
Monero Volume: $76.13M
Market Rank: #29

Make money without lifting your fingers: Start using a world-class auto trading solution.