There are really few people in the Chinese community who understand $Night, so let me explain.

$Night is the prince project of the Cardano ecosystem, focusing on ZK privacy chains, with a reasonable valuation of 1-3 billion FDV. Cardano, also known as ADA, was once on par with ETH as a public chain but has been hindered by its overly halal ambitions to be a little brother to BTC, creating a public chain that sets the UTXO technology standard. Development has been slow over the years, with slogans flying everywhere, but technical progress has lagged, with no VCs, no users, only fervent believers who staked their faith in ADA.

With this new launch, most of the $Night tokens are in the hands of exchanges. Retail investors' $Night tokens are all locked up. For example, people like me who are optimistic about $Night previously participated in a large amount of ETH and BTC staking to obtain 400,000 $Night airdrop tokens, as well as 100,000 $Night mined before the mainnet launch, all locked up and inaccessible. The earliest one can unlock 20% is after a month.

So, the fundamentals of $Night are very clear now. It mainly depends on when the whales want to accumulate.