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🌙 NIGHT Latest Updates: Why is it still falling despite good news?
Good evening everyone, the recent performance of NIGHT has indeed been puzzling. Clearly, there is good news, yet the price keeps falling. I've summarized the latest key information for you:
1. Airdrop rewards begin distribution today
According to Binance's official announcement, today is March 25, and Binance officially starts distributing a total of 120 million NIGHT rewards to eligible users.
· Of this, 108 million is for users participating in Super Earn, and 12 million is the Glacier airdrop.
· The distribution of rewards may take a few days. You can check in "Assets - History - Distribution".
2. Personal views on "why the drop"
Logically, airdrops should be positive news, but the market is dropping. I think the main reasons may be these two:
· "Sell the news" phenomenon: Many times, the realization of good news becomes bad news. Funds that were speculating on the airdrop expectations chose to take profits or dump after receiving rewards, creating selling pressure.
· Overall trend is still in search of a bottom: I checked NIGHT's historical performance, from about $0.1 at launch in 2025 to $0.07 at the start of this year, it has been in a downward channel overall. Currently, market sentiment is quite weak, and it is difficult to reverse the overall trend with just one airdrop.
3. Long-term fundamentals are still being built
Although the short-term price is weak, the project team hasn't stopped its actions. Charles Hoskinson, the founder of Cardano, has been hinting in recent days that the Midnight mainnet launch is approaching, and institutions like Worldpay and Bullish have joined node operations. In the long run, the narrative of the privacy track is still being told, but it is indeed in a difficult phase right now.
Do you still have positions? Are you preparing to wait for the mainnet or stepping aside for now? 👇$NIGHT #night @MidnightNetwork
{spot}(NIGHTUSDT)
Good evening everyone, the recent performance of NIGHT has indeed been puzzling. Clearly, there is good news, yet the price keeps falling. I've summarized the latest key information for you:
1. Airdrop rewards begin distribution today
According to Binance's official announcement, today is March 25, and Binance officially starts distributing a total of 120 million NIGHT rewards to eligible users.
· Of this, 108 million is for users participating in Super Earn, and 12 million is the Glacier airdrop.
· The distribution of rewards may take a few days. You can check in "Assets - History - Distribution".
2. Personal views on "why the drop"
Logically, airdrops should be positive news, but the market is dropping. I think the main reasons may be these two:
· "Sell the news" phenomenon: Many times, the realization of good news becomes bad news. Funds that were speculating on the airdrop expectations chose to take profits or dump after receiving rewards, creating selling pressure.
· Overall trend is still in search of a bottom: I checked NIGHT's historical performance, from about $0.1 at launch in 2025 to $0.07 at the start of this year, it has been in a downward channel overall. Currently, market sentiment is quite weak, and it is difficult to reverse the overall trend with just one airdrop.
3. Long-term fundamentals are still being built
Although the short-term price is weak, the project team hasn't stopped its actions. Charles Hoskinson, the founder of Cardano, has been hinting in recent days that the Midnight mainnet launch is approaching, and institutions like Worldpay and Bullish have joined node operations. In the long run, the narrative of the privacy track is still being told, but it is indeed in a difficult phase right now.
Do you still have positions? Are you preparing to wait for the mainnet or stepping aside for now? 👇$NIGHT #night @MidnightNetwork
{spot}(NIGHTUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.