#发帖赢代币NIGHT #PostToWinNIGHT

$NIGHT, the launch directly gives you an "ankle cut" (90% drop), and there is hard logic behind this.
1. 🌌 $NIGHT (Midnight Network): Why is there an "ankle cut"?
You said it fell by 90%, but it is not unfair at all. The data doesn't lie, let's take a look at the "three killers" behind this.
🔪 Killer One: The terrifying "Glacier Drop" ( Glacier Airdrop )
Data Truth: The scale of this airdrop is in the billions (total supply is 24 billion, airdrop is billions). Although the official has a "Thawing" mechanism, which is said to be released in 360-450 antennas, on the first day of launch, there is a large number of initial unlocks.
Crowd tactics: The airdrop covered more than 170,000 wallet addresses (Snapshots even included holders of BTC, ETH, SOL, etc.). What does this mean? It means that there are hundreds of thousands of people holding free chips in their hands, and as long as there is a price at the opening, their only action is to sell.
Smashing logic: For these "wool parties", the cost is 0. Selling 0.1U is earning, and selling 0.02U is also earning. This kind of "regardless of cost" selling pressure cannot be caught by the gods.
🔪 Killer two: Misaligned FDVs ( fully dilute valuation )
Valuation Trap: The FDV corresponding to the opening high (about $0.11-$0.12) is $2 billion-$3 billion.
Analysis: Brother, this is a side chain! In the current market environment, why is a privacy sidechain that has not yet run through business logic on a large scale valued at billions of dollars? The market voted with its feet, thinking it was only worth 0.02-0.04U (corresponding to hundreds of millions of dollars in FDV), so the price had to fall to find this "true value range".
🔪 Killer 3: The "retreat" of market makers
Market observation: The opening wave of Wick is usually played by market makers (MM) to provide liquidity, but in the face of massive airdrop selling pressure from retail investors, market makers will not be stupid to take over. After they withdraw the buy order, there is a vacuum below, and the price naturally plummets thousands of miles until it smashes out of the "golden pit".
📈 About the current "pullback":
Reason: When it fell to around 0.02U, FDV became "reasonable" (about $500 million), and with liquidity support, smart funds began to enter the market to buy an "oversold rebound". That's why you can see it pulling up a little from the bottom.
$night
$NIGHT ‌