Technical analysis by moonypto about Symbol XMR: Sell recommendation (8/12/2025)

51% attack on Monero by the Qubic mining pool appears successful! Qubic now controls most of the network’s hashrate, with a major chain reorg detected. With its dominance, Qubic can rewrite blockchain history, launch double-spend attacks, and censor any transactions. Ledger CTO noted the attack may cost 75 million dollars per day to sustain. Monero, launched in 2014 with a focus on private blockchain transactions and already banned on most major centralized exchanges, has reportedly suffered a 51% attack. Such an incident could disrupt the balance among miners, enable a hostile takeover of network control, and potentially alter the blockchain’s integrity.A 51% attack on Monero has raised concerns over network security, prompting crypto exchange Kraken to suspend Monero deposits as a precautionary measure. Withdrawals and trading remain available, and deposits will be resumed once the network is confirmed to be secure