2025 has not been the most successful year for the most capitalized anonymous cryptocurrency, Monero (XMR). The cryptocurrency’s price has collapsed by almost 45%, and trading platforms have begun to abandon it.
We explain what’s happening with Monero, why XMR fell, and whether the project can recover.
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At the end of July and beginning of August, Monero became the victim of a 51% attack. It was organized by the Qubic mining pool team. The purpose of the attack is unclear. Some believe that in this way Quibic was able to profit. Others are convinced that the pool gained control over Monero to get back at the developers. More details about exactly how the 51% attack on XMR happened are provided in a separate review.
At the same time, Monero came under regulatory pressure. The fact is that the authorities of various countries are interested in bringing members of the crypto community out of the gray zone. Regulators aim to de-anonymize crypto investors. Monero does not fit into such plans.
Against the background of these problems, XMR’s price fell by 43%. At the time of writing, the cryptocurrency is trading at $238. This is 57% lower than the all-time high of $517, recorded on May 7, 2021.
Monero chart. Source: TradingView
Due to the project’s problems, many trading platforms began to abandon the anonymous cryptocurrency. On Reddit, users write that XMR withdrawals have been suspended on a number of platforms, such as Kucoin, MEXC, Coinex, and HTX. At the same time, on many platforms, Monero transactions continue as usual. For example, XMR trades are available on one of the largest exchanges, Kraken.
Many exchangers have also stopped operations with the coin. According to Trocador, at the time of writing, Monero can be exchanged for Bitcoin at only 7 exchange points.
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