Share this article
Market News
Monero’s Market Cap Flips Litecoin and Toncoin as XMR Enters Top 25 Tokens
BTC
$109,817.92
+
2.18%
ETH
$2,566.57
+
2.01%
USDT
$1.0002
+
0.09%
XRP
$2.3445
+
1.77%
BNB
$674.57
+
1.58%
USDC
$0.9997
+
0.07%
DOGE
$0.2260
+
2.45%
ADA
$0.7703
+
3.53%
TRX
$0.2746
+
0.66%
HYPE
$38.13
+
3.61%
SUI
$3.5740
+
0.85%
LINK
$15.71
+
3.25%
AVAX
$23.67
+
5.24%
XLM
$0.2887
+
1.91%
SHIB
$0.0₄1452
+
1.46%
BCH
$420.18
+
1.36%
LEO
$8.8405
–
0.69%
HBAR
$0.1908
+
3.06%
XMR
$413.58
+
1.69%
By Omkar Godbole|Edited by Parikshit Mishra
Updated May 26, 2025, 10:22 a.m. Published May 26, 2025, 10:10 a.m.
- Monero (XMR) has surpassed litecoin (LTC) and toncoin (TON) to become one of the top 25 digital assets by market value, with a market capitalization exceeding $7.5 billion.
- Monero’s privacy features make it popular among criminals, with reports of its use in fundraising by groups linked to the Islamic State.
- The cryptocurrency’s price has more than doubled this year.
Privacy-focused cryptocurrency monero
has overtaken litecoin
and toncoin
to rank among the top 25 digital assets by market value.
The so-called flippening is characterized by XMR’s market capitalization topping $7.5 billion, racing ahead of TON’s $7.48 billion and LTC’s $7.35 billion, according to data source Coingecko.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.
Monero (XMR) is a decentralized, peer-to-peer cryptocurrency with privacy-enhancing technologies to obscure transaction details. That makes traditional financial tracking and intercepting methods largely obsolete, which explains why criminals love cryptocurrency.
Earlier this year, a media outlet linked to the Islamic State (ISIS) Pakistan Province reportedly published a poster calling for contributions of “jihad with wealth” and sought donations in monero.
Still, prices for the controversial coin have risen over 100% to above $400 this year, hitting levels last seen in early 2021, CoinDesk data show. The rally has been supposedly led by optimism about the impending privacy upgrade and rumors of re-listing by major exchanges, including the U.S.-listed Coinbase.
Meanwhile, litecoin (LTC), considered silver to bitcoin’s gold, has dropped 6% this year to trade below $100. Toncoin, which is deeply integrated into the social messaging app Telegram’s economy, has dropped 25% this year.
Omkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
