Overview
- XMR marked an all-time high of $716 after crossing $700 intraday and is holding near recent highs following outsized weekly gains.
- The rally lifted Monero to roughly 12th by market value, with a market cap near $13 billion as it outperformed most large-cap altcoins.
- Trading picked up sharply with about $500 million changing hands in a day and Coinglass data showing large leveraged short positions being liquidated.
- Commentary credits a selective repricing driven by scarce spot supply and persistent demand for Monero’s default-private, founderless network rather than a sector-wide privacy coin surge.
- Santiment reports elevated social FOMO and declining development activity, technical gauges show overbought conditions, and any projections to $750 or $1,000 are characterized as speculative.