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Main page | News | Monero dropped to $330 after the launch of the Fluorine Fermi update.

Monero dropped to $330 after the launch of the Fluorine Fermi update.

After the implementation of the large-scale Fluorine Fermi update, the price of Monero (XMR) temporarily decreased, despite the fact that the changes in the network were aimed at enhancing user privacy. The market reacted cautiously, ignoring the positive technical improvements in the short term.

Main details of the event

Date of update: On October 9, the Fluorine Fermi hard fork (CLI version v0.18.4.3) took place in the Monero network.
Main goal: Neutralization of so-called "spy nodes" - malicious servers capable of matching participants' IP addresses with their transactions, thereby violating anonymity.
Innovation: An improved peer selection algorithm has been implemented. Now Monero clients avoid connecting to large clusters of suspicious nodes, preferring more reliable and dispersed connections.

Market reaction

Instead of the expected growth, the price of XMR decreased by 0.8% over the day, dropping to $328. At the time of writing, the price has slightly recovered and is around $336.81.

Why did this happen?

Such short-term corrections are not uncommon for Monero. Historically, the market often reacts with volatility to significant updates: investors and traders prefer to wait until the network stabilizes and shows the effectiveness of innovations. The current decline is likely related to temporary uncertainty rather than fundamental problems with the project.

Possible scenarios for development

Base case: If the price holds above key support around $335, XMR may enter a consolidation phase with a subsequent resumption of upward movement towards levels of $340–$342.
Pessimistic scenario: A downward break below $333 could trigger additional pressure on the price, potentially sending it to a recent low of $328, especially against the backdrop of overall caution in the crypto market.

Nevertheless, the medium-term prospects for Monero remain positive: over the past week, the asset has gained 2.2%, and over the month - a full 26%, indicating a sustained upward momentum and stable interest from market participants.