Midnight (NIGHT) Jumps 30.9% to $0.042 After Four Days of Exchange Outflows
- —NIGHT trades at $0.042, about 15.9% below its $0.0500 all-time high
- —Exchange outflows hit a fourth straight day, with over 10.6 million tokens withdrawn
- —Wash trading inflates 56.1% of volume; legitimate volume is estimated at $28.96 million
- —Retail float is just 0.07% of supply, or 373,109 tokens
Why it matters: The rally rests on shrinking exchange supply with no verified catalyst, while the token contract lets its owner edit balances and mint new supply.
Source: Coincu