2025-12-25 12:23:32

The $NIGHT trading competition has just concluded, with the project team distributing 34.85 million tokens as rewards, which at the current price is roughly equivalent to 2.6 million USD.

To be fair, the project team is indeed willing to spend money. The problem is, this generosity may not be good news for the market.

Crypto projects are inherently aimed at making a profit when raising capital. Spreading out the tokens like this, who would still have the motivation to pump the price? Put yourself in their shoes—if you were airdropped tokens worth a few thousand USD, could you really resist selling?

Honestly, token holders have long been thinking about cashing out. So, the likely trend moving forward is a slow decline, with little suspense.

NIGHT-1.02%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
8
Repost
Share

Comment

0/400

DeFiDoctor

· 6h ago

The consultation records show that this project exhibits a typical "charitable spending complication" in clinical presentation. The 34.85 million tokens spread out all at once, causing the liquidity indicator to immediately turn red.

View OriginalReply0

Ramen_Until_Rich

· 7h ago

Is this the same old trick? Throwing money into airdrops to attract people? I think they're just digging their own graves. Wait, does anyone really hold onto airdropped coins and refuse to sell? I don't believe it anyway. With such scattered chips, it's just a slow game of cutting leeks, nothing new. I've seen through this trick long ago; throwing money in ≠ pumping the market, in fact, it's a signal. Over 30 million tokens dumped at once, directly killing the market, that's for sure. Really, whenever there's a big airdrop, the big holders are the first to cut their positions. Don't hold onto false hopes.

View OriginalReply0

RetailTherapist

· 8h ago

2.6 million USD spent and still no market movement, this is really outrageous.

View OriginalReply0

WenMoon42

· 8h ago

2.6 million really went down the drain, but this move is like digging a hole for yourself.

View OriginalReply0

TopBuyerBottomSeller

· 8h ago

Is this the same old trick? Just throwing money into activities and calling it a day? Wake up, everyone. This is just paving the way for cashing out.

View OriginalReply0

OnChainArchaeologist

· 8h ago

2.6 million USD just got thrown out like that, and what happened? A bunch of people who got the tokens immediately want to dump them. I really don't understand why some projects have to play like this.

View OriginalReply0

GateUser-5854de8b

· 8h ago

2.6 million USD spent, and no one is thinking about pumping the market? This logic is a bit absurd.

View OriginalReply0

MEVvictim

· 8h ago

It's the same old trick again—throwing money to attract trading volume, but in the end, you still have to sell.

View OriginalReply0