Monero
Why Monero is down 2.0% in the last hour
Analysis
Monero (XMR) fell about 2.0% over the past hour as attention and capital appeared to rotate into Stellar after Stellar (XLM) surged roughly 50% and reportedly βflippedβ Monero in market ranking. U.Today linked the move in XLM to an expansion involving a $114 trillion asset manager, which likely contributed to relative selling pressure on XMR during the same window.
Contributing Factors (1)
Stellar (XLM) Jumps 50% to Flip Monero as $114 Trillion Asset Manager Expands on Stellar
Stellar overtakes Monero (XMR) amid massive XLM rally tied to Wall Street interest.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.