Overview
- Binance featured NIGHT on its Alpha platform on December 9, enabling qualified participants to claim airdrops using Alpha Points once trading opened.
- Major exchanges including Bybit, OKX, Bitpanda, MEXC, Gate.io, and HTX also announced support, concentrating initial liquidity across top venues.
- ADA rose about 4% to roughly $0.435 after the listing news, while 24‑hour trading volume jumped around 85% and futures open interest edged up to about $759 million, according to CoinGlass data.
- On‑chain analytics from Santiment showed wallets holding 10–100 million ADA accumulated about 160 million tokens since December 2, while 1–10 million ADA wallets trimmed roughly 90 million.
- Midnight positions Cardano for enterprise‑grade privacy via zero‑knowledge proofs, though analysts note tentative technical strength and potential airdrop‑driven selling could test the durability of recent gains.