Overview
- XMR is trading near $623 after a sharp weekly drop, yet it remains up about 37% over the past month with a market cap around $11.5 billion.
- The token hit an all-time high near $797–$800 this week before retracing to a local low around $657, wiping roughly $2.1 billion from peak market value.
- Futures activity surged to record levels with open interest above $275 million, aided by a new Hyperliquid listing offering up to 5x leverage and drawing multi‑million‑dollar whale trades on both sides.
- A retail-frequency alert that preceded sharp reversals in Zcash and Dash has now appeared for Monero, signaling a fragile, high-volatility setup.
- Demand has been fueled by interest in on-chain privacy and capital rotation from Zcash following governance turmoil, reinforced by regulatory pressures such as a DIFC listing ban and EU plans targeting privacy tokens.