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Cardano's creator Charles Hoskinson, sparked a lot of buzz about the "new ADA" with a short statement that makes the community really engaged because it does not explain itself.
"A storm is coming," Hoskinson posted, along with an image stamped with Midnight. It looks less like a vibe post and more like a teaser pointing to one specific corner of the Cardano universe.
The pricing panel of the Midnight token is something traders are already looking at. Midnight's NIGHT is at $0.09324, up 43.22% for the week, with a market cap of $1.54B (+36.23%) and 24-hour volume of $5.56B (+52.06%). That's not the usual "people noticed it" volume, but the "everyone's in it" kind, backed by a 357.73% volume-to-market-cap ratio in just one day.
That's the kind of turnover you see when coins keep going back and forth instead of being held in place.
Is NIGHT a long game?
CoinMarketCap data shows 6,190 holders on-chain, 16.6 billion circulating supply with FDV at $2.23B, which sets the ceiling traders will keep referencing when they talk about what's priced in versus what's still missing.
Hoskinson's "storm" wording is intentionally broad, but in the crypto world, it usually comes before something specific: a road map drop, a launch window, integrations, access to exchanges, incentive programs or a technical milestone that changes how the asset is used.
If the follow-up is real and coming soon, the current turnover can be like fuel. But if it is just a "nothingburger," the same turnover can quickly turn into profit-taking.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team