The post Monero Price Climbs Post 51% Attack: Here Are Two Likely Reasons appeared on BitcoinEthereumNews.com.

Key Insights: Monero (XMR) price jumped 5.5% even after a 51% attack scare from Qubic. Funding rate and open interest show bullish trader sentiment. Spot inflows dropped fast, showing no major panic among holders. XMR price has gone up 5.5% in just one day. The rest of the crypto market is mostly red. Bitcoin and Ethereum are down. The total crypto market cap has dropped below $4 trillion again. But Monero is moving the other way. This comes right after a 51% attack scare and Kraken pausing Monero deposits. Yet, the cryptocurrency didn’t dip. In fact, it’s up. Here’s why that might be happening. Derivatives Traders Are Still Bullish on Monero Last week, a new mining project called Qubic claimed it could control over half of Monero’s network. That’s a big deal. It made people think a 51% attack might actually happen. Usually, traders pull back during events like this. But with Monero, something different happened. The funding rate jumped to 0.1948%. That means more traders are paying to stay in long positions. This shows they expect the price to go up. Even with fear in the air, traders were still confident. Monero Funding Rate | Source: CoinGlass Also, open interest in futures rose to around $52 million. That’s the second-highest level since May 2025. More money is entering Monero’s derivatives market. This adds pressure for the price to stay strong. It also shows traders are more interested in holding Monero than shorting it. The derivatives data says that traders believe Monero can hold its ground. They didn’t expect the attack news to last or cause real damage. It is worth mentioning that the derivatives often have more strength in pushing the prices up as compared to the spot market. This happens because the derivatives market deals in bulk movements…

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Filed under: News - @ August 18, 2025 12:23 pm