Cold Wallet's $6.3M Surge Exposes Monero's Security Weakness

Ethena Eyes $0.95 While Monero Faces Network Strain, Yet Cold Wallet’s $6.3M Sale and 4,900% ROI Build Smarter Case

Monero (XMR) is under scrutiny following a suspected 51% attack led by the Qubic mining pool, which has sparked urgent discussions within the community about overhauling its proof-of-work (PoW) consensus mechanism to enhance network security. At the time of reporting, Qubic controls 2.18 gigahashes per second (GH/s), making it the largest mining pool on the network. The attack has led to a temporary suspension and reconfiguration of deposit policies on major exchanges like Kraken, which now requires 720 confirmations for Monero deposits due to concerns over network security [1]. In response to these developments, the Monero community is exploring multiple solutions, including the adoption of ChainLocks—a mechanism used by Dash that employs randomly selected masternodes to verify and lock blocks. This approach could potentially mitigate the risk of future attacks by creating a multi-layered consensus system [1].

The Qubic mining pool, which gained 51% of Monero’s hash power in August, has also drawn attention for its potential to target other proof-of-work blockchains. In a recent community vote, Qubic members selected Dogecoin (DOGE) as their next mining target, though Sergey Ivancheglo, the founder of Qubic, noted that transitioning to DOGE would require significant development time and effort. The mining pool currently remains focused on Monero [1]. The Qubic attack has exposed vulnerabilities in ASIC-resistant blockchains, prompting concerns that similar strategies could be applied to other cryptocurrencies. Analysts have noted that the economic incentives in such networks must be carefully managed to prevent malicious actors from exploiting hash power imbalances [1].

Meanwhile, Cold Wallet (CWT) has emerged as a strong contender for long-term investment, particularly with its $6.2 million presale and a projected 4,900% return for early investors. The project, which is in stage 17 of its presale at $0.00998 per CWT, aims to address one of the most persistent challenges in the crypto space—high transaction fees. By incentivizing participation through rewards for gas payments, token swaps, and fiat conversions, Cold Wallet converts transaction costs into value for its users. The platform’s roadmap includes a planned Layer 2 solution or custom infrastructure to ensure low-cost, sustainable operations. With 730 million CWT tokens already sold, Cold Wallet has demonstrated strong momentum and a clear path from presale to real-world utility [2].

The project has further solidified its position by acquiring Plus Wallet for $270 million, adding over two million users to its platform and accelerating its growth trajectory. This acquisition underscores Cold Wallet’s strategic focus on expanding its user base and enhancing its value proposition. Compared to speculative projects like Shiba Inu (SHIB) and Hyperliquid (HYPER), Cold Wallet offers a more structured and utility-driven approach to crypto investment. While SHIB relies on whale accumulation and burning mechanisms, and Hyperliquid focuses on decentralized trading volume, Cold Wallet emphasizes practical usage, user engagement, and long-term sustainability [3].

The contrast between Monero’s current network instability and Cold Wallet’s rapid adoption highlights the evolving landscape of crypto investments in 2025. As investors navigate a market marked by technical challenges and high volatility, projects that combine strong fundamentals with clear utility are gaining traction. Cold Wallet’s approach—offering real-world solutions and measurable returns—positions it as a compelling choice for those seeking both growth and stability in a rapidly shifting crypto ecosystem.

Source:

[1] 51% attack on Monero prompts proposal to overhaul... (https://cointelegraph.com/news/51-attack-monero-prompts-proposal-overhaul-consensus)

[2] Cold Wallet Presale Soars To $6.2M Setting Stage For... (https://coincentral.com/cold-wallet-presale-soars-to-6-2m-setting-stage-for-3423-growth-while-ethereum-eyes-5k-pi-rises-10)

[3] Cold Wallet Surpasses SHIB and Hyper as Top Long-Term... (https://intellectia.ai/news/crypto/cold-wallet-surpasses-shib-and-hyper-as-top-longterm-crypto-investment-after-270m-wallet-acquisition-and-6m-fundraising)