Qubic Shifts Focus to Dogecoin After Alleged Monero 51% Attack—Is DOGE Next?

Qubic, fresh from its rumored Monero exploit, now sets its sights on Dogecoin—raising alarms across crypto markets.

Could the 'joke coin' become the next victim of a 51% takeover? Traders shrug while stacking memecoins, because fundamentals are so 2021.

Here’s why DOGE’s network might be dancing on a knife’s edge.

TLDR

• Qubic community chose Dogecoin for a 51% attack, surpassing other blockchains.

• Qubic’s successful 51% attack on Monero has sparked concerns in the crypto space.

• Dogecoin, with a $35B market cap, is now the next target of the Qubic community.

• Kraken halted Monero deposits due to security risks following Qubic’s attack on the network.

The Qubic community, an AI-driven blockchain network, has voted to target Dogecoin for its next 51% attack. This decision follows their recent successful takeover of the Monero network, where Qubic’s mining pool gained majority control of the network’s computing power. The vote to attack Dogecoin was overwhelmingly in favor, with over 300 votes cast for Dogecoin, far surpassing the votes for other networks such as Zcash and Kaspa.

Sergey Ivancheglo, the founder of the Qubic project, initiated the vote asking the community to select which proof-of-work blockchain to target next. The overwhelming preference for dogecoin highlights growing concerns over the security of networks relying on mining power.

Qubic’s 51% Attack on Monero

The Qubic mining pool executed a 51% attack on the Monero network earlier this week, gaining control over more than half of the network’s computing power. This attack allowed Qubic to reorganize six blocks on the Monero blockchain, despite a month-long conflict with other miners for control of the network’s hash rate.

The Qubic team confirmed that while the attack did not compromise the core functionality of the Monero network, the network’s security would now rely on Qubic’s mining pool. In response to the takeover, major crypto exchange Kraken suspended Monero deposits, citing concerns over the integrity of the network.

The #Qubic community has chosen #Dogecoin. pic.twitter.com/EnevIZUAw5

— Come-from-Beyond (@c___f___b) August 17, 2025

Kraken assured users that while deposits were paused, withdrawals and trading of XMR continued. The exchange stated that deposits WOULD resume once the situation was deemed secure.

The Target: Dogecoin

With their victory over Monero, the Qubic community turned its attention to Dogecoin. Known for its meme-based origins, Dogecoin has evolved into a widely recognized cryptocurrency with a market cap exceeding $35 billion.

The Qubic community’s vote to target Dogecoin signals potential risks for the network, which has grown significantly in popularity, especially due to its backing by high-profile figures like Elon Musk.

The decision to attack Dogecoin raises alarms about the vulnerability of proof-of-work blockchains, particularly when a single mining pool can gain control of the network’s hashrate. If Qubic proceeds with a successful attack on Dogecoin, it could have major consequences on the stability and security of the network.