Monero Launches FCMP++ Privacy Testnet After January All-Time High
Monero (XMR) activated its second beta stressnet for FCMP++ and CARROT on May 7, 2026, a privacy upgrade considered the network's most significant in years. XMR trades around $403–$404, nearly 50% below its all-time high of ~$799 set in mid-January 2026. The upgrade aims to expand anonymity sets and improve transaction history concealment beyond current ring signatures. CARROT works in tandem with FCMP++. The testnet is not yet a mainnet upgrade. XMR's market cap stands at $7.4–$7.6 billion with 24-hour volume around $140 million and circulating supply of ~18.4 million XMR. The price recovered from a sub-$300 February low, now holding above the $380–$400 resistance zone. Many major exchanges have delisted privacy coins due to regulatory pressure, fragmenting liquidity. The market views FCMP++ as a potential catalyst, but delays could keep XMR in a sideways range.
Key facts
- Monero activated second beta stressnet for FCMP++ and CARROT on May 7, 2026.
- XMR trades around $403–$404, nearly 50% below its all-time high of ~$799 from mid-January 2026.
- FCMP++ stands for Full-Chain Membership Proofs, expanding anonymity sets.
- CARROT is a new architecture designed to work with FCMP++.
- XMR market cap is $7.4–$7.6 billion with 24-hour volume ~$140 million.
- Circulating supply is approximately 18.4 million XMR.
- XMR recovered from sub-$300 in February, now above $380–$400 zone.
- Many exchanges delisted privacy coins due to regulatory pressure.
Entities
Institutions
- Monero
- TradingView
- CoinMarketCap
- NFT Plazas