#night $NIGHT Two days of plummeting over 20% — is it harvesting the less informed, or the last chance to board?
First, let's talk about today's most heartbreaking data:
$NIGHT dropped nearly 10% in a single day yesterday, with a total drop exceeding 21% this week, erasing over $87 million in market value. Blockchain Magazine
But at this moment, the mainnet @MidnightNetwork is about to officially launch at the end of this month.
This is the real contradiction.
📌 Core controversy:
Just last month at the Hong Kong Consensus conference, founder Charles Hoskinson publicly defended the introduction of giant cloud service providers like Google Cloud as node operators, directly sparking a heated debate in the community about whether "decentralization still counts." CoinMarketCap
On one hand, there is the endorsement of institutions like MoneyGram and Google Cloud,
On the other hand, the community loudly claims, "This is not the Web3 we want" —
A privacy chain, yet relying on centralized giants to hold the stage, what do you think of this story?
📌 But I see another side:
The launch of the mainnet will be a core milestone in the Kūkolu phase, marking the network's official transition from a joint test network to a production-grade on-chain environment, and it is also a key step for NIGHT's purely narrative asset to move toward a real utility token.
In the design of the NIGHT token, holding NIGHT automatically generates DUST, with DUST serving as a private resource for paying transaction fees, achieving a complete separation of the financial layer and the data layer. Midnight
In other words — after the mainnet launch, NIGHT begins to be "consumed."
📌 Now, there is only one question:
According to the 360-day unlocking plan, the four phases of unlocking for each address (25% each phase) will continue until December 2026. Midnight March is the second batch unlocking window for some addresses, and the selling pressure logic does indeed exist.
But historically, every "panic sell before the mainnet launch" has been a straightforward question, or a trap?
I have no answer. But I will keep a close eye on the mainnet launch at the end of this month.
How about you?