Monero jumps 44% in eight days to a record $608, prompting warnings of overheating

Monero (XMR), known as a leading privacy coin alongside Zcash (ZEC), has surged in a short period to set a new all-time high, though the market is also voicing caution about near-term overheating.

According to on-chain analytics firm Santiment on the 13th (local time), Monero (XMR) rose about 44% over the past eight days to hit an all-time high of $608. Santiment said the rally coincided with a revival of interest across the broader privacy sector.

Santiment, however, urged a cautious approach on the timing of new entries. It noted that a more reasonable entry zone could come after excessive expectations on social media and FOMO (fear of missing out) have cooled. As a rule, it said, price volatility often increases in phases following a sharp short-term rise when social mentions and investor sentiment peak and then decelerate.

Over the past three months, the privacy-coin segment has been viewed as showing a relatively “fresh trend” within the virtual asset (cryptocurrency) market. Santiment analyzed that “while Monero emerged as the sector leader during this period, other privacy coins such as Zcash saw their presence weaken relatively.”

The market has also cited a rebound in demand for privacy and rising interest in anonymity-focused assets amid regulatory uncertainty as drivers behind Monero’s surge. Still, some point out that profit-taking after a sharp short-term rise cannot be ruled out.

Santiment stressed that “it is important to continuously monitor crowd FOMO sentiment across all coins, including Monero,” adding that “the point at which overheated expectations begin to fade may offer more favorable buy and sell opportunities.”