Dogecoin Under Threat: Qubic’s 51% Attack Rattle Investors

Qubic has just declared that it is planning an attack on the DOGE network, with plans of taking over 51% of the memecoin's hash power.

The decision to takeover the DOGE network was decided by a poll created by Qubic founder, Sergey, Ivancheglo,who asked the Qubic community to choose its next victim.

Among the choices were Kaspa, Zcash or "some other ASIC-minded coin", which DOGE had the most votes. During the release of the results, Ivancheglo said

"The Qubic community has chosen Dogecoin."

But Qubic recently released another post, saying that there is still ongoing discussion about the move, hinting that while the decision is already made but it might still take time before the plan is fully executed.

The announcement comes just days after Qubic successfully took over 51% of Monero's mining power and threatened to compromise the network's integrity as it reorganized six blocks.

DOGE investors are now shaken up, fearing that the Dogecoin blockchain might suffer the same fate as Monero.

Furthermore, there are also lingering fears that the takeover might compromise the very integrity of the blockchain, which had alwayd been based on its large community and stability despite being a memecoin.

Bearish Sentiment Fuels Sell-Off as Trading Volumes Rise

In the past 24 hours alone, Dogecoin trading volumes have spiked by over 75%, signaling elevated activity and anxiety among holders. The token’s price has reacted sharply, shedding nearly 5.5% as it dips to $0.222 at the time of writing, sending market cap figures toward $33.49 billion.

This heightened activity coincides with widespread cryptocurrency declines, but the DOGE sell-off is notably steeper as traders brace for further turbulence.

Market analysts note that increased volume during price declines often suggests strengthening bearish trends. In DOGE’s case, the weakness is compounded by repeated failures to push above the $0.25 resistance.

If current support in the $0.22 region falters, the next significant levels lie at $0.16 and potentially $0.14, underscoring the need for caution as DOGE hovers at a critical juncture.

Despite the alarm, Qubic’s development team has repeatedly stated that its primary goal is not to devastate targeted chains, but instead to expose vulnerabilities in traditional proof-of-work protocols.

By doing so, it hopes to drive adoption of more sustainable and secure alternatives like Proof-of-Stake (PoS). Nevertheless, the theoretical risk of a malicious actor controlling a majority of DOGE’s hash power—however unlikely—remains a specter that no investor should ignore.

At present, such a catastrophic outcome appears remote. However, Qubic’s actions shine a harsh spotlight on security concerns, further justifying the industry-wide shift toward more robust and environmentally friendly consensus models.

Meme Coin Mania: Maxi Doge (MAXI) Emerges as a HOT Presale Pick

While Qubic’s challenge has shaken traditional meme coin confidence, some investors are seeking new opportunities in the latest wave of crypto presales.

Maxi Doge (MAXI), for example, is rapidly turning heads as it races past $1 million in its presale funding round.

Inspired by Dogecoin’s iconic Shiba Inu character but operating on a PoS network, MAXI boasts an ambitious vision: leveraging up to 25% of its presale proceeds in promising tokens, utilizing 1000X leverage to maximize gains during the current bull cycle.

With a “no fear, no red candles” approach, Maxi Doge’s marketing drive positions it as a major contender to outperform legacy meme coins.

The project has already introduced the Maxi Fund and innovative staking mechanics, appealing to traders looking for growth opportunities shielded from the vulnerabilities facing PoW-based incumbents.

Prospective investors can join the presale directly through the Maxi Doge website using ETH, USDT, or fiat cards ahead of potential centralized exchange listings.

What To Watch: Support Levels and the Road Ahead

As Dogecoin navigates this challenging chapter, all eyes remain on its ability to defend key technical support zones.

Should selling pressure intensify—and if Qubic’s campaign gains further momentum—DOGE’s next stabilization point may not appear until $0.16 or even $0.14.

Given the ongoing bull market, many long-term fans of the project will likely view sharp dips as prime accumulation opportunities.

Nevertheless, the episode serves as a timely reminder for both investors and developers about the evolving nature of blockchain security.

As proof-of-work coins like DOGE face unprecedented scrutiny, the shift toward next-generation, attack-resistant protocols continues to gain ground.