Monero 51% Attack Threat How This Became a Bullish Sentiment

Monero (XMR), known for its strong focus on privacy and decentralization, recently faced a major controversy when mining firm Qubic was accused of attempting a 51% attack. 

The fear caused panic in the community, briefly pushing the price down by nearly 19%. However, the network remained functional with no double-spends or confirmed security breaches. 

Surprisingly, this threat turned into a bullish driver, helping Monero rebound above $260 as investors saw resilience in its structure and community coordination.

What Happened with the Monero 51% Attack Threat

The controversy began after reports suggested Qubic had gained over half of Monero’s hashrate, raising fears of network control. If true, this could allow a malicious actor to reorganize transactions, block payments, or even perform double-spends.

Independent data later showed Qubic controlled about 35–38% of the network, not the majority. Still, its selfish mining strategy made it look more powerful than it really was. 

While the panic initially drove sell-offs, the Monero network never stopped working properly, proving its underlying strength.

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Why the Threat Sparked Bullish Sentiment

Instead of damaging trust, the incident had the opposite effect. The community united to secure the network, leading to:

• Improved decentralization – More miners shifted to smaller pools, strengthening hashrate distribution.

• Resilience under pressure – Despite rumors, no security breach or double-spending occurred.

• Positive market response – XMR price rebounded 7% over the weekend, standing out as one of the best-performing assets among top cryptocurrencies.

This response showcased Monero’s ability to adapt quickly, reinforcing confidence among long-term supporters.

XMR Price Outlook After the Recovery

After bouncing from lows near $230, Monero regained momentum, testing the $280 resistance level. Analysts suggest:

• Bullish scenario: Breaking $280 could open the way to $300 and possibly $320 if momentum continues.

• Bearish scenario: If support at $250 fails, prices could retest $230.

Overall, sentiment remains optimistic as network trust strengthens after the scare.

READ ALSO: How to Buy Monero (XMR)

Conclusion

The Monero 51% attack threat highlighted the risks of centralization in mining but ultimately reinforced community resilience. 

By spreading hashrate across pools and maintaining network stability, Monero proved it can withstand crises without losing its core value proposition, privacy and security. 

For investors and users, the incident underscored not weakness, but the adaptability that fuels bullish confidence in XMR’s future.

For more in-depth crypto market updates and predictions, check out the latest posts on the Bitrue blog — or explore trading directly on Bitrue’s platform.

FAQ

What is a 51% attack?

It’s when one miner or pool controls over half of a blockchain’s hashrate, allowing them to manipulate transactions.

Did Monero actually suffer a 51% attack?

No. Reports suggested it, but data showed Qubic controlled about 35–38%, not the majority.

Why did Monero’s price go up after the threat?

The quick community response and proof of network resilience restored investor confidence, driving a bullish rebound.

What is the current support and resistance for XMR?

Key support is near $250, while resistance stands at $280.

Is Monero still safe to use after this scare?

Yes. The network remained operational and secure throughout the incident, with no confirmed double-spends.