The logic behind the NIGHT explosion: Why is this just the prelude now?
Is everyone still holding onto the $NIGHT airdrop from yesterday?
Don't underestimate this coin; I increasingly feel that there is more to come, and it will be a big show.
However, the phenomenon that stood out yesterday was the huge price gap at the opening.
I posted an explanation not long ago, and now let's review why it could still surge strongly after that:
1. The opening price gap is inevitable
- Binance Alpha's liquidity is extremely shallow, combined with airdrop selling pressure, the price was once driven down to around 0.02
- OKX/Bybit, as mainstream CEXs, saw the price surge directly to 0.08–0.09 after buying pressure came in
This is a typical “DEX vs CEX price gap game” for new coins, and it's not surprising.
2. Chips are highly concentrated, with strong control ability
- A large amount of the 4.5 billion circulating tokens is held by a few addresses
- The largest on-chain whale holds 31% of the total supply
The concentration of chips in a few hands means that both the upward surge and downward pressure can be dominated at any time.
3. Alpha becomes a low-price accumulation zone
- Most airdrop users directly sold off on Alpha for cashing out
- Smart money and whales continually accumulated in the 0.02–0.03 range, then moved to OKX/Bybit to pump and arbitrage
4. The current contract market is not mature, and operators are cautious
- Although OKX (20x) and Bybit (50x) have launched contracts, their depth and open interest are still shallow
- Due to limited liquidation profits, operators have not really pushed for a surge
- Currently, they are only executing small surges or quick sell-offs to carry out a double kill on both sides, which has happened multiple times today.
Key point: The real market trend will wait for Binance contracts to go live
- The liquidity, depth, and retail leverage scale of Binance contracts are usually 5–10 times that of other platforms
- Only after Binance contracts are activated can operators possibly invest large funds for significant surges or sell-offs, achieving a double explosion
- Before that, the market is likely to maintain fluctuations or slight corrections, and it is not advisable to go All-in at high prices.
Project background supplement:
Midnight is pushed by Ethereum co-founder and Cardano founder, focusing on the privacy track, and after launching on Binance, it surged 4% to $ADA .
#night I dare not say it will definitely skyrocket, but I can say: the play of this coin is far from over.
What you should look at is not the current price, but rather—who it is preparing to make lose money and who it is preparing to make money.
Stay tuned, stay calm. Major trends often truly begin when most people have exhausted their patience.