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The original was posted on /r/monero by /u/sk420_ on 2025-05-06 01:48:58+00:00.
Quote from an online post:
the scammy centralized exchange M E X C currently still have withdrawals closed
They’re reporting Monero’s price at $268 while every single other exchanges out there, way bigger exchanges are in the $280 - $283 range
Meanwhile while scrolling through coinmarketcap (owned by binance), Monero (and every other coins that didnt have a ‘Buy’ button) on their website now has a ‘Buy’ button showing that redirects to the sponsored link ‘binance’ to ‘buy’ while they delisted last year smh
Some other news: some bullshit cryptocoin called “Qubic” is doing what I would consider to be an attempt attack on Monero’s network
- Every single nodes on their network will be used to mine Monero on the biggest centralized Monero pool “nanopool” as opposed to just solomining or using P2Pool This is an attempt at centralizing Monero mining as opposed to actually help the network
- They want to sell those Monero on MEXC that is currently doing a price suppression attack on Monero by having withdrawals closed (but deposits open) while reporting a Monero price with over a $10 difference than any other exchange out there A price suppression attack is meant to make mining less profitable so that people would turn off their mining rigs (which are securing the network)
They currently only have 5-6Mh/s of mining power while Monero’s nethash currently at 4309 Mh/s, so not that much of a threat at the moment but yea, they’re pretty much actual d i p s h i t s