Monero
Why Monero is down 2.8% in the last hour
Analysis
Monero (XMR) fell 2.8% over the past hour as attention and capital appeared to rotate toward Stellar after a sharp XLM rally. U.Today reported that Stellar (XLM) surged about 50% and βflippedβ Monero, tied to commentary around a $114 trillion asset manager expanding on Stellar, which likely pressured XMR relative performance in the short term.
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.