The 24-hour big pump of NIGHT Token by 24%: the coexistence of capital inflow and concentration risk.

2025-12-21 12:40:09

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[Coin World] Recently, the performance of the NIGHT Token has indeed been eye-catching - it has risen by 24% in the past 24 hours, with a volume reaching 5.03 billion USD. In the context of an overall fall of 0.5% in the privacy coin zone, this increase stands out remarkably.

What are the driving forces behind it? Mainly the continuous airdrop incentives and the groundwork for ecological construction. But to be frank, no one can guarantee how far this rise can go.

The numbers look good—funds inflow reached $106.05 million, which sounds impressive. But the real hidden danger is here: the negative funding rate tells us that shorts are actually in the lead. This means market sentiment is not as optimistic as it appears.

What is even more concerning is the change in the number of Token holders. The number has decreased from 6800 to 6200, which is not a good sign. Moreover, 94.13% of the Token supply is held by 10 wallets, making the concentration risk absolutely significant. In such a scenario, a single action from a large holder can stir the entire market. Investors need to be aware of this structure.

NIGHT46.01%

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LonelyAnchorman

· 3h ago

A 24% rise in 24 hours sounds great, but that negative funding rate is really hard to bear, short positions are secretly holding on... --- Wait, holders dropped from 6800 to 6200? Who are they trying to scare, the ones catching a falling knife are running instead... --- 94% locked by 10 wallets, this is ridiculous, it's clearly a market maker coin rhythm, airdrop incentives are just a facade, right? --- No matter how strong the rise is, it's useless, with this concentration, large investors can just throw it away, no one can save it. --- 1 billion inflow looks impressive, but then you see a volume of 5 billion, this leverage rate is a bit crazy...

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RugResistant

· 3h ago

A 24% big pump in 24 hours is honestly a bit scary, it's hard to say how long the Airdrop hype can last. --- With negative rates and a sharp decrease in holders, Large Investors are definitely offloading at this pace. --- 94% is monopolized by 10 wallets? Isn't this a standard rug warning? It looks like a big rise but I'm still too scared to act. --- With both Airdrops and ecological construction, it sounds great, but with such high concentration, who would dare to catch a falling knife? --- Over 100 million in capital inflow sounds impressive, but in terms of supply concentration, this is completely nonsense, it should have been withdrawn already. --- Holders dropped from 6800 to 6200, this is clearly an escape, no matter how high the rise is, I won't touch it.

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ApyWhisperer

· 3h ago

A 24% rise looks great, but 94% is locked by 10 wallets. Isn't this just waiting for Large Investors to dump? It's just an Airdrop game.

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GateUser-40edb63b

· 3h ago

A 24% rise looks great, but 10 wallets are locking 94% of the supply... this is ridiculous, I have a feeling there will be a big action to dump.

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GateUser-a5fa8bd0