Monero (XMR) News Today: Why XMR Is Up – 05 November 2026

Monero news today centers on a suspected crypto theft whose proceeds were reportedly converted into XMR and a data leak at a swap service used to buy it, while protocol work remains in testing. XMR traded at $640.22 at 00:53 UTC on 5 November 2026, up 1.77% over 24 hours and 19.75% below its all-time high of $797.73.

Suspected EU theft flows into Monero

Blockchain investigator ZachXBT reported on 2 November that an unidentified European Union entity may have lost more than $106 million from centralized exchange accounts on 1 November. The stolen USDC and USDT were reportedly swapped into ETH, moved through instant-exchange services and converted into Monero through the Wagyu swap service. On 3 November he raised the estimate to more than $133 million after identifying about $27 million in additional withdrawals.

The Block named French cooperative bank Crédit Mutuel Arkéa as the alleged victim. As of 4 November, no victim or exchange had publicly confirmed the incident. Kraken said its systems and customer accounts were not compromised, but it restricted accounts linked to the suspected theft.

Wagyu swap data leak

CryptoTicker reported on 2 November on a dataset that Hudson Rock described. It covers 38,628 order records and 10,139 unique IP addresses from 18 July to 26 October 2026. Of these, 4,580 records carry a "completed" flag for Monero swaps, and 1,011 bitcoin-to-Monero orders pair deposit transaction IDs, Monero receiving addresses and customer IP addresses.

Hudson Rock has not independently verified where the files came from. Coverage stresses that the leak does not show a break in Monero's underlying cryptography.

FCMP++ remains in testing

Developers released the FCMP++ and Carrot beta stressnet v3.1 on 26 October. The release adds faster wallet scanning, denial-of-service protections on transaction relay and a fix for an inflation vulnerability on the experimental network. TokenPost reported on 30 October that the beta runs on a separate test network and does not activate an upgrade on mainnet.

Hardware-wallet support, multisig and transaction proofs remain unfinished, and no mainnet activation date has been announced.

Exchange access and mining signals

XMRList's delisting tracker, updated 3 November, covers 66 services and flags seven. Karsha Exchange moved from "new" to "admitted" on 2 November. CoinStats reported that Kraken no longer serves Monero clients in the UK, the EEA, Canada, India and the UAE.

An 26 October estimate cited by Ad-hoc-news put network hashrate at 7.12 GH/s, with three mining pools representing about 60% of the total.

Community activity and wallet attention

X discussion from 3 to 5 November centered on the NULORA NFT launchpad and the Monero One wallet. On 4 November, NULORA announced Genesis NFT minting and said secondary market trading would go live within about three hours. Its descriptions varied across posts, and independent confirmation of its scope was not found.

Monero One posted "Coming soon" on 4 November. Its account bio states that the wallet is not affiliated with the Monero Project. These posts are social media claims rather than verified reporting, and no formal wallet launch appeared in the results.

Derivatives positioning

Monero futures open interest stands at $401.77M, up 4.65% over two days. The funding rate of 0.0891% per 8 hours is the highest reading in the window, which means longs are paying shorts to hold positions. Liquidations over the last 24 hours totaled $140.98K, with shorts accounting for 58.8%.

CoinMarketCap AI found no concurrent protocol upgrade, major listing or regulatory development to explain the recent price move, which it linked to demand tied to the stolen-fund flows and wider privacy-focused attention.

Monero price today stands at $640.22, up 1.77% over 24 hours, after a multi-day climb that pushed XMR back above $636, a level analysts had flagged as near-term resistance. The 24-hour move is modest, but it extends a broader recovery that has lifted the coin 6.95% over seven days and 13.84% over 30 days.

Suspected theft proceeds and laundering demand

The most cited catalyst is laundering demand. Blockchain investigator ZachXBT reported on 2 November 2026 that an unnamed EU-based entity may have lost more than $106 million from centralized exchange accounts, later raising the estimate to over $133 million. The funds were reportedly converted through Ethereum, instant exchanges and Monero. The link between these flows and Monero demand is an inference from the reports, not a measured flow.

Privacy sector divergence

Privacy coins split from the broader market on 3 November 2026. Zcash fell 7%, liquidating $14.55 million in leveraged positions, while Monero gained nearly 3% and extended its 90-day rally above 75%. Zcash rebounded about 7% on 4 November, so Monero's relative strength has persisted beyond a single session.

Broader market rebound

Bitcoin fell to around $75,700 before recovering above $80,000 on 4 November 2026, with Ethereum up more than 6%. Analysts tied the move to fading U.S. midterm uncertainty. The Fear & Greed Index now reads 51 (Neutral), up from a two-day average of 43 (Fear). A firmer market supports Monero, but the 1.77% gain over the last 24 hours is smaller than the coin's own move on 3 November, so the rebound explains only part of the rise.

Derivatives positioning

Futures open interest is $401.53M, essentially unchanged over the period (-0.01%). A price gain without new open interest suggests existing positions are being repriced rather than new capital entering. Funding is 0.0891% per 4 hours, a projected annualized rate of 195.07%, and all six readings over the past day were positive, meaning longs are paying a premium to hold.

Liquidations totalled $140.75K over 24 hours, with shorts accounting for $82.70K (58.8%). That mix is consistent with upward pressure forcing bearish positions to close. The total is small relative to open interest, which points to a limited squeeze rather than a cascade.

Outlook

Monero trades with a $12.05B market capitalisation, ranked #13, and $185.29M in 24-hour volume, which indicates moderate participation rather than an exceptionally heavy session. The coin remains 19.75% below its all-time high of $797.73. Analysts cited $650 as the next resistance and $600 as the level whose loss would signal a pullback, so the crowded long positioning shown in funding data is the main risk if price stalls.

Monero market sentiment is cautiously bullish. Derivatives positioning leans long, leverage has built up over the past month, and broader crowd mood sits near neutral.

Derivatives and positioning

On Binance's XMRUSDT market, global accounts were 57.4% long and 42.6% short, a long-short ratio of 1.35. The long share averaged 55.2% over 30 days and peaked at 64.3%. Positioning is long-biased but still below the above-65% level that often marks retail tops, and more accounts have recently moved toward shorts.

Open interest rose 57.74% over 30 days to $401.59M, close to its period high of $409.24M. Funding has been positive in 88 of the last 90 eight-hour periods, with the latest reading at 0.0891% per period. Longs have paid shorts almost continuously, which points to new leveraged long participation rather than spot demand alone.

Liquidations have been limited. The 30-day total was $4.59M, and the largest single event was $890.84K on 22 October, so no long-side flush has yet reset the leverage built during the period. Open interest figures also vary by provider. CryptoTicker found a sixfold gap between data sources, and open interest does not show whether positions are long or short.

Social media and community mood

Community discussion centres on privacy and relative strength. Monero posts on X describe the coin's strength as hard to ignore, and PrincipiaHQ noted that XMR was the only top-30 coin up over both 7 and 30 days during the recent hacks.

AltIndex rates X sentiment at 66/100 and Reddit sentiment at 62/100, both neutral. X mention volume is in line with its average, while Reddit mentions run 24% above average. Long-form threads increasingly compare Monero with Zcash, favouring default privacy and the absence of a premine, while noting that Zcash has a Grayscale ETP and a growing shielded pool.

Recent sentiment shifts

Sentiment turned more cautious after the Binance hack reports in late October. Funding spiked, and one analysis warned of exit-liquidity risk if withdrawals resume.

From 2 November, the dominant narrative became a reported theft. ZachXBT said stolen USDC and USDT from an unnamed EU entity were swapped into XMR, with losses reported at over $133 million. This claim is not confirmed in the reviewed material. The laundering narrative supports buying demand but adds reputational risk. A data leak at the Wagyu swap service reportedly linked 4,580 Monero orders to IP addresses, though reporting says the underlying cryptography was not broken. In early October, FinCEN withdrew a proposal for stricter crypto mixing reporting, which eased concerns about delisting.

Watch items for sentiment

Broad market mood is neutral, with the Crypto Fear & Greed Index at 51, although that index measures the wider crypto market rather than XMR. The main signals to monitor are funding normalisation, open interest near the $409M high, and whether the long share rebounds above 60%.

Monero support and resistance levels are tightly packed after a rally that has lifted Monero to $640.22, with a $12.05B market cap. The price is 19.75% below the all-time high of $797.73, and the asset has cleared the upper boundary of a multi-week ascending channel, so the nearest levels are now mostly overhead supply.

Key support levels

• $629 to $630: The recent swing high from October 22, cited by CMC. Price has already cleared it, so it is now the first floor under the market.
• $624 to $627: The upper line of the ascending channel. CoinEdition said a daily close above $627 was needed to clear it.
• $603: The level CMC (4 November) uses as its short-term support.
• $580 to $600: The local demand zone, according to Coinpedia (3 November). A daily close below $580 would weaken the setup.
• $540 to $550: The lower support zone cited by BigGo. CMC names $540 as the downside target if $571 breaks.

Key resistance levels

• $645 to $650: A band tested repeatedly in October, according to BigGo.
• $655 to $657: The 30-day highs at $655.03 and $656.74 reported by CoinStats, which CMC also identifies as a swing high.
• $700 to $720: The next resistance zone on Coinpedia's chart.
• $760 to $800: The target zone, which includes the all-time high of $797.73.

Technical indicators

RSI: Neutral and not overbought. CMC reads 63.97 (4 November) and CoinCodex reads 57.83 (4 November). The weekly RSI was 68.0 on 29 October, close to the 70 threshold.

MACD: Mixed. CoinLore calls it neutral, Coinbird reports a bearish flip with a negative histogram (3 November), and DiarioBitcoin reports a positive histogram of about 0.21 the same day. On the 1-hour chart, Finabase shows repeated MACD buy and sell flips on 3 November.

Moving averages: On 2 November, DiarioBitcoin reported price above the 7-, 30-, 50-, 90- and 200-day SMAs. The 50-day SMA sits in the $555 to $566 range and the 200-day SMA in the $425 to $428 range. Phemex dates the 50-day crossing above the 200-day to 18 August.

Chart patterns

Price tested the upper boundary of an ascending channel near $624 to $627 and then broke above it. Coinpedia says the upper border was breached a second time in Q4. The October 22 move above $600 was called a breakout by TradingKey and CMC. CoinLore reports no defined pattern on its daily chart.

Volume and derivatives

24h volume is $185.29M. Daily volume on 2 November was 16% below its 30-day average, according to DiarioBitcoin, and several sources note that the rally has come on below-average spot volume. Open interest stands at $401.66M, up 57.77% over 30 days, which is about 2.2 times the 24h spot volume. The funding rate is 0.0891% per eight hours and has been positive in 88 of the last 90 periods, which indicates leveraged longs paying shorts. Liquidations over the last 24 hours totalled only $2.05K.

Short-term and medium-term outlook

In the short term, CMC says holding $603 keeps a test of $655 in view, while a break lower risks a pullback. Flicker rates the 1-day chart as Hold. In the medium term, Coinpedia says a sustained reclaim of $640 to $660 would strengthen the structure, with $800 as the target if several breakouts occur. DiarioBitcoin describes the structure as bullish but losing momentum.