While the Monero network recently endured a particularly rambunctious game of musical blocks (18-block reorg, to be precise), XMR sauntered past $300 like a peacock in a hurricane, leaving traders clutching their hats and shorts-literally.
Monero’s Chain Gets Reorged, But Price Parties With Gains
By 7:55 p.m. Sunday evening, as the world braced for a mundane Monday, monero (XMR) was trading at $306 per coin, a sum that would make a Victorian earl faint. The privacy coin, which guards secrets like a butler guards the silver, has risen 6.8% in 24 hours despite its chain being stress-tested by a selfish mining shenanigan that rewrote 18 blocks-along with the poor souls’ transactions trapped inside them.
XMR, Monero’s native token, has ascended 14% this week and 26% in 30 days, a performance that would make a canary in a coal mine do a backflip. The bustling hubs for XMR trading include Kucoin, WhiteBIT, HTX, Kraken, and MEXC, where $176,270 in liquidations occurred, much to the dismay of short-sellers who now resemble deflated soufflés. 🤪
XMR enthusiasts, however, remain as composed as a tea-soaked crumpet. “They do not want you to know this,” declared the X account XMR Goddess, who waxed poetic about Monero’s “true freedom,” while critics noted the reorg issue makes the chain feel less reliable than a house of cards in a hurricane. 🎩
Joel Valenzuela, a Dash DAO core member, wasted no time in critiquing the chaos: “If Visa had 40 minutes of downtime and shrugged, it’d be bankrupt faster than a joker’s poker face.” He added:
“Somehow in crypto, you can slap fun slogans on a security model as fragile as a soufflé and call it ‘fine.’”
Meanwhile, other privacy coins strutted their stuff: Zcash (ZEC) rose 6.9%, Beldex (BDX) gained 11.6%, while Dash (DASH) dipped 0.4% and Zano (ZANO) plummeted 11.7%. The privacy coin market cap now stands at $8.38 billion, a sum that would make a Rothschild blush, yet it’s still a mere 0.208% of the $4.03 trillion crypto economy. 🤷
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2025-09-15 04:27