Qubic’s 51% Attack Plans Trigger DOGE Crash, Futures Open Interest Drops 8%

Dogecoin tumbled sharply on Tuesday after the Qubic blockchain community voted to target DOGE for a potential 51% attack, days after it claimed responsibility for compromising Monero’s network. Security fears collided with broad crypto weakness, pushing DOGE into heavy sell pressure despite continued whale accumulation.

News Background

• Qubic’s governance forum approved a proposal to direct hashpower toward Dogecoin, raising the possibility of a coordinated 51% attack. The group recently executed a similar move against Monero, successfully disrupting block validation. • The news fueled jitters across the Dogecoin community, with traders pricing in heightened security risks. • At the same time, whales accumulated 680 million DOGE in August, showing long-term interest despite the threat.