
Monero has once again shown why it has one of the strongest communities in crypto. While Bitcoin price slipped about 2.5% today and Ethereum fell more than 10%, Monero went the other way, gaining just over 3% in the past 24 hours. At $273.91, it’s the day’s top gainer, proving that even in a red market, XMR has its own rhythm.
What you'll learn 👉
Overview of the Attack: From Threat to Triumph
The reason behind this rally isn’t just market noise. It comes after a dramatic episode that many thought would spell disaster for the privacy coin.
Last week, Qubic, a $300 million project, claimed it had seized control of more than half of Monero’s hashrate. In theory, that would have given them the power to launch a 51% attack, something that could have led to double-spending, orphaned blocks, or even censorship of transactions.
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For a few hours, it sounded like Monero was facing a death sentence. Kraken even froze trading and deposits, spooked by the chatter on social media.
But when the dust settled, it turned out the threat had been blown way out of proportion. A closer look at nearly 700 blocks showed Qubic actually controlled only about 35% of the hashrate, not the 51% they had claimed.
💣 $XMR Faced Its DEATH SENTENCE This Week – But Something INCREDIBLE Happened Instead
— Smart Degen (@smartsdegen) August 17, 2025
$300M project vs $8B network. Government bans. Exchange delistings.
Here’s how Monero became UNKILLABLE 🧵👇 pic.twitter.com/wwstt6I6wI
Instead of crumbling, the Monero community sprang into action. Miners abandoned Qubic, developers and activists pushed back, and adoption of P2Pool along with solo mining surged.
Within days, Qubic’s share had slipped to around 30%. More importantly, the network itself never skipped a beat. No double-spends, no censorship, no disruptions, and no lost funds. What was hyped as Monero’s end became proof of its resilience.
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Monero Price Action: Bucking the Trend
That’s the backdrop for today’s price action. At a time when the broader market is struggling, Monero is thriving on its “unkillable” reputation.
Trading volume has jumped by nearly a third, showing that fresh money is moving in even while other altcoins bleed. Confidence also got a boost when Kraken reversed its freeze and quickly resumed withdrawals, easing fears of lingering damage.
So why is Monero pumping when others aren’t? It comes down to the confidence that grew out of this scare. The attack highlighted just how decentralized and resistant Monero really is.
Investors saw that even a supposed takeover couldn’t break it, and that shifted the narrative from weakness to strength.
The timing also helps, with capital rotating into altcoins despite the pullback in majors. Traders are looking for assets that can hold their ground, and right now Monero fits that role better than most.
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Grok’s Price Predictions
Looking ahead, Grok sees three potential paths. If Monero keeps its hashrate balanced and the community continues to build on this momentum, the XMR price could push toward the $300 to $350 range in the coming months.
If fear creeps back in, whether through regulatory pressure in Europe or another centralization scare, it could slip back toward $220 to $250.
And if things simply stabilize, then Monero price may hover in the middle, consolidating between $260 and $290 while waiting for the next big catalyst.
However, what’s clear is that this so-called “unkillable attack” didn’t kill Monero at all. Instead, it reminded everyone why the project has survived for so long in a hostile environment.
Privacy coins may face constant regulatory threats, but Monero’s community has once again shown it can take a hit and come back stronger. For traders watching today’s charts, that resilience is exactly what turned fear into fuel.
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