Despite a major scare surrounding a potential 51% attack on the Monero network, the cryptocurrency saw a surprising surge in price. This rise comes despite broader market declines with Bitcoin and Ethereum falling. The Qubic project’s claim to control over half of Monero’s network caused uncertainty, but trader sentiment paints a different picture. Analysis suggests several factors are driving this positive trend. 51% attack fears were addressed by a bullish response in derivatives markets. The funding rate jumped to 0.1948%, indicating traders are betting on price increases. This is further supported by the rise in open interest in Monero futures, reaching its second-highest level since May 2025. The strong derivatives market signals an increasing belief in Monero’s future performance, despite some initial panic selling following the attack news.