Monero Kpekere 8% After Qubic Talk Say Dem Do 51% Selfish Mining Attack
Monero price drop pass 8% to $254.75 afta Qubic mining pool dem sharp do 51% selfish mining attack, wey cause 60 blocks orphan inside 24 hours. Qubic founder Sergey Ivancheglo confirm say dem get majority control of hashrate, but Monero Consensus Status and CoinWarz talk say the whole network hashrate dey around 5 GH/s compared to Qubic wey talk say dem reach 3.01 GH/s peak. Analysts dey reason if na full 51% breach be dat or just lucky reorganization. The attack make dem divert hash power to mine XMR and burn QUBIC tokens, wey start one “hack war” full of mutual DDoS shoutout wey shake network security confidence. For charts side, Monero fall under 50-period EMA for 4-hour timeframe and form descending triangle near $252 support for 1-hour chart. If dem confirm breakdown, e fit make XMR drop go $215.75, show how selfish mining fit affect market and how concentrated hashrate dey vulnerable. Traders suppose dey watch how hashrate dem distribute and wetin Monero developers go do to fix am.
Bearish
Di tori say Qubic dem alleged 51% selfish mining attack don shake people believe for Monero network security and e cause immediate price drop pass 8%. Technical sign dem—break below 50-period EMA and down hill triangle breach—show say e fit fall more reach $215.75. Short term, increased wahala for market and sell pressure dey as traders dey react to new risk wey dey. Long term recovery go depend on how network go take respond and how dem go decentralize hashrate, but current momentum and feeling na bearish.