Monero price: THORChain swaps remain unavailable as XMR retreats

The Monero price remains volatile after a sharp market-wide retreat. CryptoTicker reported that XMR fell 8.6 percent over 24 hours on November 12, reaching $536.59 in a market snapshot taken at approximately 18:50 UTC. The report described that level as the lowest daily value since October 13.

Investing.com's XMR/USD page, read for this report, displayed a price of $546.679 and a page timestamp of 23:28:22. It also showed a displayed 24-hour change of -5.96 percent, a 24-hour volume of $157.93 million and a market capitalization of $10.31 billion. Because the page does not state the calendar date alongside that timestamp, the displayed percentage is not presented here as a UTC daily-close comparison.

Broad risk-off move sets the tone

CoinMarketCap attributed Monero's November 12 weakness primarily to broader crypto-market risk aversion and derivatives liquidations rather than a Monero-specific protocol shock. Its report said that approximately $222 million of long positions were liquidated during one period, within roughly $530 million of total 24-hour liquidations cited for the market. This helps frame the decline as part of a wider de-risking episode, although it does not establish a single cause for every XMR trade.

CryptoTicker likewise reported that Bitcoin fell below $72,000 during the same period and that $656 million of leveraged crypto positions were forcibly closed. It said no isolated Monero trigger had been established. XMR had also recently outperformed, making a pullback more pronounced when broader market pressure returned.

THORChain route is not live

A separate development remains relevant for investors assessing the Monero price. CryptoTicker reported that THORChain's technical integration work for Monero had been completed, but native XMR swaps were still not enabled as of November 12. Node operators must first complete a churn and generate a new shared key, and no fixed launch date had been announced. Monero was not listed among the connected chains shown in THORChain's status list at that time.

The potential route could give XMR holders another way to swap between blockchains without relying on a centralized exchange. Until activation, however, that option is not available. The official Monero website describes the project as a private, decentralized cryptocurrency. That privacy focus supports its distinct use case, but it also leaves the asset exposed to exchange-access and regulatory concerns.

For investors, the immediate picture combines high volatility, thinner liquidity than the largest cryptoassets and an unresolved infrastructure catalyst. The next meaningful signal is whether the broader market stabilizes and whether THORChain ultimately activates native XMR swaps. Further Monero coverage is available on the Monero topic page.