Recently, the so-called "attack" event reported by the Monero (XMR) community does not actually pose a real threat. Although some have attempted to control the network, their influence only reached 35.7%, far from the dangerous threshold of 51%.

However, XMR still faces more severe challenges. Currently, exchanges have frozen 2.2 million XMR, which is a considerable amount. More importantly, the upcoming halving event will reduce mining rewards by half, potentially leading to a sudden tightening of supply. This supply crisis is the real issue to be wary of and could likely trigger significant price fluctuations.

Looking back at the history of XMR, its price trend is remarkable. In 2015, XMR was worth only $0.213. By May 8, 2021, its price soared to a historic high of $517. Such a huge increase has indeed tested the patience and determination of investors.

Since the beginning of this year, the price of XMR has shown certain volatility. It maintained around $200 at the beginning of the year, then saw a slight increase in February and March. In April, there were some fluctuations, but it generally stayed around $210. In May, the price of XMR broke through $300 and reached a peak of $417 on May 26. In the following months of June and July, the price fell back to around $320. At the beginning of August, XMR briefly fell below $200, but it has now rebounded to around $273, with a 24-hour trading volume of about $87.35 million.

In terms of the trading market, MEXC, KuCoin, HTX, Bitfinex, and Kraken have become the main trading platforms for XMR. Among them, KuCoin's trading volume accounts for as much as 38%, highlighting its important position in XMR trading.

Although XMR was once a star coin in the cryptocurrency market, the market environment has changed today. Many emerging crypto assets may offer better investment opportunities, such as OKB. This reminds us that in the fast-changing cryptocurrency market, investment decisions should be based on rational analysis rather than mere belief. After all, in the face of profits, blind faith can lead to investment losses.