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Jeonlees
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I have been keeping an eye on @MidnightNetwork 's $NIGHT
{spot}(NIGHTUSDT)
recently, it feels a bit like "the heat is high but I'm holding back" kind of feeling, brothers, don't rush to climax. First, some hard data: Binance will launch on March 11 (UTC 15:30) and has tagged Seed, also syncing with Simple Earn, plus a campaign for 90 million NIGHT tokens (3/13-4/3) — these three things together will definitely push short-term traffic up.
In terms of price, I am more concerned about "whether the trading is real": Binance's current price is around $0.051, with a 24h trading volume of $80M+, a market cap of about $850M, and a circulating supply of about 16.61B (total supply 24B). This indicates that it is not the kind of "pump and dump" scheme, but it also means that once the sentiment retreats, the inertia of the sell-off will be more real.
What I care about most is the supply structure: the official disclosure of Glacier Drop (3.5B claimed, 170,000 addresses) + Scavenger Mine (1B, 8 million addresses) is a massive distribution, the advantage is the community spread quickly, but the downside is straightforward — the chips are sufficiently dispersed, and the pullback will also be smoother, especially for short-term players who sell as soon as they get their hands on some. Additionally, it treats "privacy + compliance" as the main narrative (ZK direction), and if it can truly land into usable dApps and real businesses later, then $NIGHT isn't just surviving on activities; but in my eyes, until I see on-chain application data, it can only be considered "the story is being written." I will continue to monitor whether the ability to return, whether the pullback is amplified, and whether the heat can be maintained after the activities end. #night
{spot}(NIGHTUSDT)
recently, it feels a bit like "the heat is high but I'm holding back" kind of feeling, brothers, don't rush to climax. First, some hard data: Binance will launch on March 11 (UTC 15:30) and has tagged Seed, also syncing with Simple Earn, plus a campaign for 90 million NIGHT tokens (3/13-4/3) — these three things together will definitely push short-term traffic up.
In terms of price, I am more concerned about "whether the trading is real": Binance's current price is around $0.051, with a 24h trading volume of $80M+, a market cap of about $850M, and a circulating supply of about 16.61B (total supply 24B). This indicates that it is not the kind of "pump and dump" scheme, but it also means that once the sentiment retreats, the inertia of the sell-off will be more real.
What I care about most is the supply structure: the official disclosure of Glacier Drop (3.5B claimed, 170,000 addresses) + Scavenger Mine (1B, 8 million addresses) is a massive distribution, the advantage is the community spread quickly, but the downside is straightforward — the chips are sufficiently dispersed, and the pullback will also be smoother, especially for short-term players who sell as soon as they get their hands on some. Additionally, it treats "privacy + compliance" as the main narrative (ZK direction), and if it can truly land into usable dApps and real businesses later, then $NIGHT isn't just surviving on activities; but in my eyes, until I see on-chain application data, it can only be considered "the story is being written." I will continue to monitor whether the ability to return, whether the pullback is amplified, and whether the heat can be maintained after the activities end. #night
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