Monero Price Falls 10% After Qubic Pool Gains 51% Hashrate Control

Qubic briefly controlled over 51% of Monero’s hashrate, sparking market concerns and triggering a rapid 10% price decline.

The mining pool’s dominance raised fears of potential blockchain manipulation, including transaction censorship and double-spending risks.

Other miners quickly reduced Qubic’s control from 51% to under 14%, restoring network balance and easing immediate concerns.