MrNasdogMy Portfolio

Midnight

NIGHT · Privacy network
Checked
Oct 11 2026
The big picture
7 / 10Total score0510
Supply + DemandMax. 10

Supply ↘

4.5/5
Flat
#1#101
Supply rank
Now #8

Demand ↘

2.5/5
Modest
Social rank · 12m
Now #38

Price Drivers ↘

Beta
2 drivers
▲ 2 price up
▼ 0 price down
Hold NIGHT? We'll warn you first.
Free · 2 coins

Coming next

No single dated event in the next 90 days.

Research by MrNasdogToken Supply ranking →
Metric 1 of 3

NIGHT · Coin Supply

No new coins from the chain. A hack added copies.

4.5 / 5Flat
Age⚠ 10 monthssince Dec 2025 · new coin
Unlocked69.2%of total supply
Last 90 days+3.10%new supply
Next 90 days0.00%estimate

NIGHT is the token of Midnight, a privacy chain built alongside Cardano. All 24B were made at launch; 16.61B count as circulating.

Sell pressure. The chain added nothing: block rewards are not switched on. The jump came from the Jul 20 2026 bridge hack, which left 514.6M NIGHT copies trading with no coins behind them.

Buy pressure. Nothing takes NIGHT off the market: no burn and no buyback.

Net. Net, supply grew about 3.10% in 90 days; the next 90 look flat.

Inflation
Last 90 Days
+3.10%
checked · Oct 5 2026
Net flow: 3.10% of supply goes to market over 90 days
Next 90 Days
0.00%
estimate
Net flow: 0.00% of supply stays in the market (roughly neutral) next 90 days
Supply was growing · trend cooling
monitor gap · The monitor reads +0.03% and we read +3.10%. Its circulating figure is a fixed total of NIGHT's allocation groups, near 16,607.4M every day of the window, so copies of NIGHT on other chains never show up in it. On Jul 20 2026 a Cardano bridge lost 515.2M NIGHT, yet the 526.5M copies it had put on BNB Chain kept trading. On-chain, that bridge's backing fell from 527.0M to 11.8M NIGHT between Jul 7 and Oct 5 2026, so 514.6M copies now have nothing behind them. Our number stays.
Sell pressure
1. Protocol inflation
0

NIGHT is never minted after launch: block rewards can only come out of the Reserve, 6.00B NIGHT that has not moved since Mar 13 2026. Rewards start only when anyone can run a block producer; today the chain runs on invited nodes that earn no NIGHT.

checked · Oct 5 2026
2. Vesting unlocks
0

Airdrop coins unlock in four quarters per claim, and the last quarter is opening now, from Sep 6 to Dec 4 2026. About 1.21B NIGHT still sits in the claim contract. All of the claimed 4.55B is already counted as circulating, so each unlock adds nothing new to the count.

checked · Oct 5 2026
3. Foundation + unscheduled unlocks
0

The Midnight Foundation (8.40B) and its launch company (3.66B) hold free coins, already counted as circulating; the largest single wallet holds 2.48B. Outside the count: the community Treasury, 1.20B locked until on-chain voting exists, and the Lost-and-Found pool, 192.6M for late airdrop claims. Neither moved in these 90 days.

checked · Oct 5 2026
4. Long-term locked or bankruptcy
0

No estate, trustee or court case holds NIGHT, and no investor round exists: the whole supply was given away free, with no token sale.

checked · Oct 5 2026
5. Bridge hack: copies with nothing behind them
~514.63M NIGHT

On Jul 20 2026 an outside bridge between Cardano and BNB Chain was drained of 515.2M NIGHT in four transfers. The 526.5M NIGHT copies it had issued on BNB Chain kept trading at the same price, but only 11.8M real NIGHT is left behind them, so 514.6M more NIGHT now trades than before. A one-off event: nothing new comes from it next.

checked · Oct 5 2026
Buy pressure
1. Programmatic buyback
0

No contract, fund or company buys NIGHT back. Transaction fees are paid in DUST, a non-transferable resource that NIGHT holders generate, so no fee income flows into NIGHT.

checked · Oct 5 2026
2. Protocol fee burn
0

Nothing burns NIGHT. The token has been minted once and never burned, and DUST spent on fees simply decays rather than destroying NIGHT.

checked · Oct 5 2026
3. Foundation buy
0

No Foundation buying was announced or seen on-chain. The launch company's unused coins are meant to go back to the Reserve one day, which would take them off the market, but no date is set and the Reserve has not grown.

checked · Oct 5 2026
4. New long-term lock
0

Holding NIGHT is enough to generate DUST, so nothing asks holders to lock coins away. No staking lock exists yet.

checked · Oct 5 2026
Supply check · sell, buy & net
 
Last 90D
Next 90D
Sell total (M NIGHT)
514.630
0.000
Buy total (M NIGHT)
0.000
0.000
Sell % of circ
+3.099%
0.000%
Buy % of circ
0.000%
0.000%
Net inflation %
+3.099%
0.000%
Circulating supply: 16607.399M NIGHT
Read the full Inflation Analysis
NIGHT: no new coins from the chain yet, but a bridge hack left 514.6M copies with nothing behind them.
Long-form mechanism walk. ~5 min.
Metric 2 of 3

NIGHT · Coin Demand

Two sides: how much people want NIGHT right now, and how much buying could come later.

2.5 / 5Modest

Current demand2 / 2.5

This part is based on social media. It shows how hot NIGHT is right now. A better rank means more people are talking about it.

NIGHT on social mediaIts rank among the 110 coins we follow · last 12 months · #1 = most talked about
#36 · Oct 5 2026

Today, people are talking about NIGHT for two reasons:

  1. 1
    NIGHT will list on OKCoinJapan on Oct 13 2026.

    Midnight said NIGHT will be available on OKCoinJapan, a registered Japanese exchange in the OK Group, from Oct 13 2026. It is NIGHT's second exchange in Japan after S.BLOX, a Sony Group company, in August 2026. NIGHT rose about 9% to near $0.049 on the news, and people ask if new buyers in Japan can keep demand going.

  2. 2
    Anyone can now put smart contracts on Midnight's main network.

    By Oct 10 2026, deploying smart contracts on the Midnight main network no longer needs permission, and apps can deploy contracts for their users. This opens the network to more builders. People ask if more apps will come soon, and if that will bring real use for NIGHT.

Checked Oct 10 2026

Metric 3 of 3

NIGHT · Price DriversBeta

The few things that can move NIGHT's price that supply and demand miss.

1 · Mainnet rollout

New
Phases land on time → price upnowDelays or more hacks → price down
  1. Mar 30 2026Mainnet live (federated)
  2. Jul 20 2026Wanchain bridge hacked
  3. Sep 28 2026Anyone can deploy apps
  4. Today
    Overdue (was Q2-Q3 2026)Cardano SPOs make blocks
  5. Late 2026 or laterHua: hybrid apps

Apps opened Sep 28 2026; Cardano pools still not making blocks.

Data
DateWhat happened / what is coming
Mar 30 2026Mainnet live (federated)
Jul 20 2026Wanchain bridge hacked
Sep 28 2026Anyone can deploy apps
Overdue (was Q2-Q3 2026)Cardano SPOs make blocks (coming)
Late 2026 or laterHua: hybrid apps (coming)
Checked Oct 10 2026

2 · Charles Hoskinson

New
Big promises come true → price upnowHype fades, goals slip → price down
  1. Jul 22 2026Calls for ZK revamp
  2. Sep 28 2026Says it'll top Zcash
  3. Oct 9 2026Repeats Zcash claim
  4. Today
    Within 2 years (his goal)Goal: bigger than Zcash

NIGHT jumped after his Sep 28 2026 Zcash claim.

Data
DateWhat happened / what is coming
Jul 22 2026Calls for ZK revamp
Sep 28 2026Says it'll top Zcash
Oct 9 2026Repeats Zcash claim
Within 2 years (his goal)Goal: bigger than Zcash (coming)
Checked Oct 10 2026

Should you buy NIGHT? Questions about NIGHT

Is it time to buy the Midnight dip?

By the law of supply and demand, Midnight's long-run signal is positive (Oct 11 2026, score 7/10). New supply: 0.00% in the next 90 days. Demand: modest (2.5/5). Midnight's price drivers: 2 ▲ price up, 0 ▼ price down.

What is the latest news on Midnight's NIGHT token?

Midnight apps opened on Sep 28 2026, but Cardano pools are still not making blocks, a step that was due in Q2-Q3 2026. NIGHT also jumped after Charles Hoskinson's Zcash claim that same day. New supply stays flat at 0.00% in 90 days. By supply and demand, Midnight's long-run signal is positive today.

Should I sell my Midnight now?

Midnight's signal is positive for now. Midnight's signal would turn if new supply jumps (today 0.00% in 90 days), or demand falls from modest. The next date on Midnight's calendar: Overdue (was Q2-Q3 2026) — Cardano SPOs make blocks.

Is Midnight a good long-term investment?

Midnight sits at 7/10 today (Oct 11 2026): supply 4.5/5, demand 2.5/5. One more year adds 0.00% to Midnight's supply. Long-run signal: positive.

When is a good time to buy Midnight?

By the law of supply and demand, the better time to buy Midnight is when its new supply is low, demand is high and its price drivers point up. Midnight today: 0.00% new supply in 90 days (flat), demand modest (2.5/5), drivers 2 ▲ / 0 ▼.

What could push Midnight's price up or down?

Right now 2 things drive Midnight's price (2 ▲, 0 ▼). ▲ Mainnet rollout: Apps opened Sep 28 2026; Cardano pools still not making blocks. ▲ Charles Hoskinson: NIGHT jumped after his Sep 28 2026 Zcash claim.

Is Midnight a better investment than Bitcoin?

Side by side on Oct 11 2026: Midnight at 7/10 with a positive signal, Bitcoin at 8.5/10 with a positive signal. By supply and demand, Midnight is the weaker of the two.

Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →

How does MrNasdog judge every coin, and why is 0.00% shown in green?

We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. NIGHT supply is not growing (0.00% in the next 90 days), so it shows in green. Zero or falling supply is always green, any growth is red.

What do Watch NIGHT alerts cover?

One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.

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