$DOGE Security Fears: More Noise Than Threat (Bearish Sentiment)

The Narrative:

Following a controversial vote in the Qubic Discord server to "target" Dogecoin after their claimed Monero exploit, headlines flared across crypto media.

However, experts stress that a 51% attack on DOGE remains highly impractical due to its merged mining with Litecoin, which together secure over 6.25 PH/s of combined hashpower—roughly 1,000 times more resilient than Monero’s current network strength.

Reality Check:

Dogecoin’s own hashrate remains steady at 3.47 PH/s, with no signs of mining centralization or instability.

Still, the mere suggestion of vulnerability triggered a wave of headline-driven selling, underscoring how meme assets like DOGE are disproportionately sensitive to fear-based narratives.

What to Watch:

Monitor major DOGE mining pools (e.g., Litecoin Pool, Eloipool) for any sudden shifts in hash distribution—though risk remains minimal.