Monero hits $690 record as FOMO and overbought signals raise pullback risk

Beincrypto reports Monero (XMR) set a new intraday all-time high at $690 as its price surge pushed the privacy-focused cryptocurrency into uncharted territory. The article said social hype around XMR has reached exceptionally elevated levels per Santiment, with much of the enthusiasm driven by fear of missing out.

It quoted Vikrant Sharma, Founder and CEO of Cake Wallet: “Monero is rallying because it offers something most crypto assets don’t: default, non-optional financial privacy in a world moving rapidly toward surveillance. As governments expand AML, KYC, and on-chain monitoring, Monero’s technology is being validated.

Regulatory pressure and exchange delistings have reduced speculative access, but they’ve intensified conviction among users who genuinely need censorship-resistant money.” The piece also noted that development activity has lagged price growth and that the Money Flow Index has moved into overbought territory, the first such reading since September 2025, while XMR was trading near $666 at the time of writing.

Key Topics

Crypto, Monero, Santiment, Vikrant Sharma, Cake Wallet, Money Flow Index