7 Volatile Crypto Facts: Midnight (NIGHT) Prints $9 Billion in 24 Hours, Surpasses XRP
Jakarta, Pintu News – The Midnight (NIGHT) cryptocurrency token, launched in the Cardano ecosystem, recorded a surge in trading volume of about $9 billion in the past 24 hours, making it one of the assets with the largest trading activity in the period and surpassing XRP’s volume of about $2.15 billion.
This data comes from Cardanians community reports shared on the X platform and monitored through market cap aggregators, showing unusual market dynamics in the crypto space.
1. $9 Billion Trade Volume in 24 Hours
According to screenshots shared by the Cardanians community on X, the NIGHT token achieved a trading volume of approximately $9 billion in 24 hours, placing it fourth largest by volume after Tether, Bitcoin and Ethereum . This indicates significant participation in the trading of such assets in a short period of time.
At the time of publishing the report, NIGHT’s market cap and trading activity had decreased slightly to around $8.38 billion, but still far exceeded XRP’s volume, which stood at around $2.15 billion over the same period according to CoinMarketCap data.
Also Read: 7 XRP vs BNB Facts: Tight Competition for Top-3 Market-Watched Crypto Positions
2. Market Volume & Activity Ranking
The increase in volume puts NIGHT high on the list of crypto assets by daily trading volume, surpassing some large assets such as XRP and Solana in 24-hour trading activity. Large-cap assets generally dominate volume statistics, so this spike looks unusual in the context of market volume.
This kind of activity reflects strong short-term market interest in certain tokens, especially when there is new trading momentum or the listing of trading pairs on major exchanges such as Binance, Bybit, and Kraken.
3. New Trading Pair Listing
The increase in trading volume translates in part because major exchanges such as Binance, Bybit, and Kraken have introduced trading pairs for Midnight (NIGHT) tokens, which helps drive liquidity and broader market access. The presence of these tokens on major exchanges enables higher participation from global traders.
The listing of these trading pairs often becomes an important factor when the trading volume of an asset increases significantly in the short term, especially if institutional traders also participate.
4. NIGHT Weekly Performance
In addition to the high volume, NIGHT tokens are also showing strong price performance: up about 12.38% in 24 hours and about 63% in the last one week according to available data. These price movements are a reflection of the strong market interest and ongoing trading momentum.
NIGHT also experienced six consecutive days of price increases, with a peak at around $0.119 on a particular day before experiencing a price correction.
5. Focus on Infrastructure & Privacy
Midnight is designed as a programmable privacy layer that useszero-knowledge proofs to separate public and private data in Cardano. This goal puts the token and the network on a different path compared to a large number of other cryptos that focus on general utility or DeFi.
Privacy features like these attract the attention of certain markets that prioritize data security and privacy functions in the crypto world.
6. Cross-Chain Distribution Model
NIGHT Token launches with a cross-chain allocation model that distributes 100% of the total supply of 24 billion tokens across eight major ecosystems, including Bitcoin, Ethereum, Solana, XRP, BNB Chain, and Cardano. This model increases the likelihood of wider adoption and cross-network liquidity.
This cross-chain distribution helps expand the potential user base as well as enable integration with the larger ecosystem, strengthening the token’s utility in trading and liquidity.
7. Activity Increase Implications for Cardano
With the achievement of this remarkable trading volume, the Midnight project foreshadows that the Cardano ecosystem is entering a new phase of crypto activity, with the possible expansion of DeFi and privacy influences on the network. This development ahead of 2026 is seen as significant by market participants monitoring trends in network activity and user participation.
The contribution of projects like Midnight may reflect the growing attraction to privacy technologies and specialized utility layers within the broader blockchain ecosystem.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
FAQ
What does $9 billion trading volume in 24 hours mean for the NIGHT token?
The trading volume of $9 billion demonstrates the high crypto market activity towards the NIGHT token in a 24-hour period, surpassing XRP (XRP) volume at the same time.
What caused the spike in trading volume?
The listing of trading pairs on major exchanges such as Binance, Bybit, and Kraken helps increase the liquidity and market access of NIGHT tokens.
Does the largest trading volume always reflect the same price movement?
Not always; while high volume may reflect market interest, the impact on price depends on the direction of long/sell positions and the liquidity structure.
How did NIGHT’s price perform in light of this volume spike?
NIGHT tokens showed a significant weekly price increase of about 63% in the observed period, reflecting high trading momentum.
What is Midnight’s role in the Cardano ecosystem?
Midnight serves as a privacy layer with a cross-chain distribution model, which can expand the user base and utility within the broader crypto ecosystem.
Reference:
Tomiwabold Olajide/U.Today. $9 Billion in 24 Hours: Cardano’s ‘New ADA’ Outpaces XRP. Accessed December 23, 2025.
