Low circulation and strong consensus make XMR's breakthrough more penetrating

The reason XMR can smoothly break new highs, a factor often overlooked, is its extremely low circulating supply on exchanges. Due to privacy features and historical reasons, XMR has long had limited tradable chips on mainstream exchanges, which means that each increase in genuine demand has a stronger marginal impact on the price.

Meanwhile, the community consensus for XMR is highly concentrated. Most holders are long-term users and technical believers, with a relatively low proportion of short-term speculation. This structure ensures that once the price starts to rise, selling pressure from above does not surge like in popular narrative coins.

From a game theory perspective, XMR's breakout has not triggered full FOMO; instead, many funds remain on the sidelines. This "slow-burn" rise is often more sustainable than emotional surges. As the market gradually accepts the new high pricing, chasing funds will gradually enter, forming a second wave of momentum.

It is precisely because of this that XMR's new high is not the end of emotion, but the starting point for consensus diffusion. The real variable lies in whether privacy needs will expand from marginal use cases to a broader value storage logic. #XMR突破新高