2025-12-25 06:23:57

The $NIGHT market seems to be taking a breather.

Looking at the data from the past three days, we can feel the temperature dropping rapidly — on December 23rd, the peak spot trading volume across the entire network was $10.25 billion, which directly dropped to $7.82 billion on the 24th, and further halved to $2.05 billion on the 25th. This downward trend is quite obvious.

Let's also examine the specific performance across platforms:

**December 23rd** — Peak of popularity
- Total network trading volume: $10.25 billion
- Major Exchange: $2.21 billion
- Platform A: $7.69 billion
- Regulated Exchange: $0.35 billion
- Platform A market share: 75%

**December 24th** — Noticeable correction
- Total network trading volume: $7.82 billion
- Major Exchange: $3.25 billion
- Platform A: $4.21 billion
- Regulated Exchange: $0.36 billion
- Platform A market share: 53.8%

**December 25th** — Continuing decline
- Total network trading volume: $2.05 billion
- Major Exchange: $1.02 billion
- Platform A: $0.88 billion
- Regulated Exchange: $0.09 billion
- Platform A market share: 42.9%

These numbers clearly show what’s happening in the market — trading volume is decreasing step by step, and the performance of each platform is also declining. Platform A’s market share has dropped from 75% to 42.9%, reflecting a rapid cooling of overall market enthusiasm. The trading activity of $NIGHT is clearly weakening, and whether it can reignite depends on if new catalysts emerge to rekindle market heat.

NIGHT-0.37%

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AirdropF5Bro

· 2h ago

Oh my, the trading volume has been cut in half directly. This wave definitely needs to take a break.

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ShitcoinArbitrageur

· 3h ago

Oh no, a direct cut on the 25th. This is too sudden. --- 75% drop to 42.9%, that platform is really bleeding. --- Wait for new catalysts. Entering now just makes you the bagholder. --- The hype cooled down so quickly. We need to see how it develops later. --- Trading volume dropped 80% in three days. No wonder it feels so quiet.

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MevSandwich

· 3h ago

Damn, this wave is really dropping all the way down, directly halving on the 25th... Wait, could it be because of Christmas? Everyone's on holiday? Looking at the proportion dropping from 75 to 42.9, it's indeed a bit uncertain. But we still need to see if any new developments come out later; otherwise, it's definitely cooling off.

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MemecoinTrader

· 3h ago

ngl the sentiment cascade is textbook psyops playbook rn... 75% to 42.9% is literally watching consensus collapse in real-time. catalyst hunting szn

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