Qubic’s community has voted to make Dogecoin its next target, just days after the group claimed majority control over the Monero blockchain.
Founder Sergey Ivancheglo announced the decision on August 17, following Qubic’s controversial demonstration of a 51% attack on Monero. The group’s mining pool successfully reorganized six blocks, proving it could rewrite transaction history on the privacy-focused network. The move forced Kraken to suspend Monero deposits temporarily and sparked concerns about potential long-term disruption.
The #Qubic community has chosen #Dogecoin. pic.twitter.com/EnevIZUAw5
— Come-from-Beyond (@c___f___b) August 17, 2025
After the Monero incident, Ivancheglo invited the Qubic community to choose another ASIC-enabled proof-of-work blockchain to test. In a public vote, Dogecoin was selected ahead of Zcash and Kaspa, securing over 300 votes—more than all other options combined. With a market capitalization exceeding $35 billion, Dogecoin now faces the possibility of becoming Qubic’s next experiment.
A successful 51% attack on Dogecoin could allow Qubic to reorganize blocks, halt transactions, or attempt double-spending. The group currently controls around 2.3 GH/s of Monero hashrate, a level of power that enabled it to dominate Monero’s network. If redirected toward Dogecoin, analysts warn, the risks could be severe.
Qubic has described its activities as “stress tests” aimed at showcasing the resilience of its “useful proof-of-work” model. According to the project, profits from its mining pool are used to buy and burn QUBIC tokens, and there is no intention to permanently damage Monero or Dogecoin. Still, the experiments have heightened debate over the vulnerabilities of proof-of-work systems in an era of concentrated mining power.
No specific timeline has been given for the planned move against Dogecoin, but the announcement has already placed the meme coin’s security under intense scrutiny and may force its developers to consider defensive measures.
Notably, More than $2.1 billion worth of cryptocurrency was stolen in the first half of 2025, driven largely by private key exploits and front-end compromises, according to a report from blockchain intelligence firm TRM Labs.
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