Overview
- Reported 24-hour trading volume reached between $3.5 billion and $5.0 billion, placing NIGHT among the most traded tokens by turnover.
- Binance, Bybit and Kraken listings deepened liquidity and narrowed spreads, with Bybit and Binance accounting for most activity, according to CoinMarketCap.
- Liquidity remains concentrated, with roughly 94% of circulating supply held by 10 wallets, raising sustainability questions cited in market data.
- Charles Hoskinson said NIGHT outtraded XRP and Solana in a day after volume neared $4 billion, a claim consistent with reported snapshots.
- Derivatives data showed rising inflows led by short positioning and larger losses for short traders, while the foundation pursues a stablecoin partnership and core privacy contracts are targeted for Q1 2026.