Yesterday, a friend who does design sent me a WeChat message asking me: “Is that NIGHT dropping like this, should I liquidate?”
She saw me writing an article before and casually bought a bit, buying at around 0.05. Now it has dropped to 0.047, and she's a bit anxious.@MidnightNetwork
I didn't reply to her directly, but sent two screenshots instead.
The first chart is the wallet address data: 57,079. The second chart is the list of node operators: Google Cloud, Blockdaemon, MoneyGram, Vodafone's Pairpoint, eToro, Shielded Technologies, AlphaTON Capital (representing Telegram).
I said you should look at this first
She replied with a string of question marks: “What does this mean?”
I meant that 57,000 people are still holding NIGHT without selling. Two months ago, during the Glacier airdrop, over 8 million people claimed the coins. Now only these 57,000 remain. Those who sold might not even know what this project is about. The remaining 57,000 are those who think there’s something worthwhile after reviewing the materials.
She asked, "What about these seven companies?"@MidnightNetwork
I said these seven are personally running nodes. It’s not just a nominal "strategic partnership," they are really doing the work— their servers are on the Midnight chain, responsible for packaging transactions and maintaining the network.
MoneyGram does cross-border payments in over 200 countries, with nearly 400,000 agents. It runs nodes because it wants to use this chain for compliant remittances. Vodafone’s Pairpoint is focused on the IoT economy, wanting devices to trade autonomously. eToro has already launched the NIGHT token, a publicly traded company on NASDAQ with 35 million users.
Blockdaemon ensures over $110 billion in digital assets for more than 400 institutions. It runs nodes, signaling to institutional clients: this chain is usable.
@MidnightNetwork
She fell silent for a while after hearing that and asked, "So what’s the relationship between these institutions and the price?"
I said the relationship is: when institutions choose tools, they don’t look at candlestick charts, they look at whether they can get the job done. After the mainnet goes live, if MoneyGram truly moves its business over, with hundreds of thousands of transactions daily requiring fuel, and that fuel can only be generated by holding NIGHT, then the demand logic for NIGHT will be established.
Of course, if no one uses it after the airdrop is done, that’s another story.
She asked, "So are we selling now?"
I said I didn’t know. But I know that if we sell now, it’s not just a loss of money, but also of an observation opportunity. What to observe? To see if these seven institutions are really doing the work. After the mainnet goes live at the end of March, will MoneyGram really start running test transactions? Can Vodafone’s IoT devices successfully complete the certification process? These are more interesting than candlestick charts.
She thought for a moment and said, "Then I’ll wait a bit longer."
I said it’s fine. Anyway, there are still two weeks.
@MidnightNetwork
Price is something no one can predict. But the fact is there are 57,079 addresses and the names of seven institutions. You choose whether to trust expectations or trust action.
She replied, "Got it."
I didn’t say anything else. Staring at the screen, I thought that maybe in two weeks, the answer would slowly emerge.\u003cc-63/\u003e\u003ct-64/\u003e
