Monero / Mining / P2Pool
Monero Falls 10 Percent as MEXC Spot Deadline Approaches
XMR was near $476 at 02:10 UTC on November 15. MEXC's XMR spot deadline is November 17, while mining snapshots do not establish a network collapse.
Monero traded near $476 at 02:10 UTC on November 15, 2026, down about 10% over 24 hours, according to CoinMarketCap. Bitcoin also fell over that window, but XMR's percentage decline was larger.
The selling comes ahead of MEXC's announced November 17 suspension of XMR spot trading. The exchange confirms the deadline, but its notice does not establish that the delisting caused the price decline.
This Monero Signal edition records market and mining observations collected around 02:10 UTC. The available mining snapshots do not establish a network collapse or a sustained miner exodus.
XMR market snapshot at 02:10 UTC
CoinMarketCap's response gives the same 02:10:03 UTC update time for both assets:
| Metric | Monero (XMR) | Bitcoin (BTC) |
|---|---|---|
| Dollar price | $475.89 | $63,807.04 |
| 24-hour change | -10.25% | -6.41% |
| Seven-day change | -20.11% | -15.62% |
| 30-day change | -14.66% | -22.16% |
Sources: CoinMarketCap Monero and Bitcoin.
| Additional XMR measure | Observation |
|---|---|
| Calculated XMR/BTC cross-rate | 0.007458 BTC |
| CoinMarketCap rolling 24-hour volume | $159.31 million |
| CoinMarketCap volume-change field | +8.33% |
| Kraken last trade, captured at 02:10 UTC | $475.32 |
| Kraken rolling 24-hour low | $455 |
| Kraken Bitcoin last trade, same response | $63,554.20 |
The cross-rate divides the simultaneous dollar quotes. It is not a separately sampled exchange trade. Volume alone does not identify sellers or measure executable order-book depth.
The Kraken ticker response measures trades on one venue, while the CoinMarketCap quote is a separate market-data observation. Their values need not match.
MEXC's XMR spot deadline is November 17
MEXC's November 11 announcement specifies November 17, 2026, at 09:00 UTC for suspension of XMR spot trading and cancellation of open orders. The same notice gives November 13 at 09:00 UTC as the DASH spot deadline.
MEXC says deposits for both assets are closed and withdrawals will remain open for 30 days after delisting. This is the exchange's stated policy. Actual withdrawal functionality was not independently tested.
The separate perpetuals notice lists November 13 at 10:00 UTC for XMR and DASH USDT-M contracts. These are separate deadlines. Our MEXC delisting explainer covers the spot and futures schedules in more detail.
The spot notice does not explain why MEXC is removing the pairs. Reduced venue access is a plausible concern for traders, but establishing its price impact would require evidence connecting the announcement with trading and liquidity changes.
Mining estimates do not establish a collapse
The P2Pool Observer APIs supplied these difficulty-derived estimates around 02:10 UTC on November 15:
| Metric | Estimate |
|---|---|
| Total Monero network, using main observer reference | 6.738 GH/s |
| P2Pool main | 457.61 MH/s |
| P2Pool mini | 33.05 MH/s |
| P2Pool nano | 5.26 MH/s |
| Combined P2Pool | 495.93 MH/s |
| Combined share of the network estimate | 7.36% |
Sources: main API, mini API and nano API. The three endpoints belong to the same observer service, so they are not three independent confirmations.
Main and mini referenced Monero height 3,806,617. Nano referenced 3,806,616, one block earlier. The combined share uses the main observer's network estimate as its denominator and is approximate.
The calculation divides difficulty by the target interval reported in each API: 120 seconds for Monero, 10 seconds for main and mini, and 30 seconds for nano. These estimates do not directly count miners or active machines. Their different reference blocks and difficulty histories also limit comparisons over short intervals.
An earlier saved capture at 02:05 UTC gives a short comparison:
| Metric | 02:05 UTC estimate |
|---|---|
| Monero network | 6.704 GH/s |
| P2Pool main | 458.87 MH/s |
| P2Pool mini | 33.15 MH/s |
| P2Pool nano | 5.25 MH/s |
The later network estimate is slightly higher, while main and mini are slightly lower. A few minutes of observations cannot establish a sustained trend or explain where miners moved.
Our P2Pool monitoring guide explains how share and block observations help investigate operational problems. These snapshots alone provide no such incident evidence.
What the observations can explain
Bitcoin's decline shows that the selling extended beyond XMR. It does not explain the full difference in their percentage changes. MEXC's approaching deadline supplies exchange-access context, but the sources here do not identify the cause of the selling.
Nor do they establish a large spot sale, laundering event or seller identity. Monero hides transaction senders, recipients and amounts by default. A claim about an onward private Monero payment needs evidence beyond a public address tracker.
The next useful checks are MEXC's deadline and withdrawal status, repeated measurements of executable liquidity, independently supported large trades, and a longer mining record. This edition's few snapshots cannot support a meaningful price-hashrate correlation or lag analysis.