Monero (XMR), the privacy-centric cryptocurrency, has seen its price more than double in 2025, pushing its market capitalization beyond Litecoin (LTC) and Toncoin (TON) and securing a position within the top 25 digital assets by value.

According to CoinGecko, Monero’s market cap has surged past $7.5 billion, edging out Toncoin’s $7.48 billion and Litecoin’s $7.35 billion in the latest market rankings—a notable “flippening” in the crypto space.

Monero’s core appeal lies in its robust privacy features, which conceal transaction information, making it highly resistant to traditional tracking methods. This strong privacy has made XMR both a favored tool for users seeking anonymity and a controversial asset due to its association with illicit activities.

Earlier this year, reports surfaced about a propaganda outlet linked to the Islamic State (ISIS) Pakistan Province soliciting donations in Monero, underscoring ongoing concerns about the coin’s misuse.

Despite these challenges, XMR’s price has rallied over 100% year-to-date, climbing above $400—levels last observed in early 2021. This momentum has been driven by excitement around a forthcoming privacy protocol upgrade and speculation that major exchanges like Coinbase may reintroduce Monero to their listings.

Meanwhile, Litecoin, long regarded as Bitcoin’s “silver” counterpart, has seen a modest decline of 6% this year, with prices slipping below $100. Toncoin, integral to Telegram’s decentralized ecosystem, has faced a steeper drop of 25% over the same period.