Key Notes

Monero (XMR) price gained 7% on Sunday, Aug 17, rebounding above $260 after Qubic’s failed 51% attack.

Kraken’s suspension of XMR deposits triggered a panic-driven 19% sell-off earlier in the week, but the network remained operational and secure.

Community response over the weekend has strengthened Monero’s decentralization, improving hashrate distribution.

Behind Chainlink’s (LINK) 14% weekend rally, Monero emerged as the second-best performer among the top 30 ranked cryptocurrencies, gaining 7% intraday on Sunday, Aug 17, to cross the $260 mark.

This recovery follows a major network controversy , which saw XMR price plunge nearly 19% between Aug 12 and Aug 15, after centralized exchange Kraken halted Monero deposits in response to social media claims of a network tak

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