TLDR
- Midnight NIGHT trading volume surged over 68% to $3.53 billion in 24 hours.
- NIGHT price rose about 3% and traded between $0.063 and $0.07
- The token RSI reached 63.68 while market sentiment remained in the fear zone
- The Midnight Foundation plans a stablecoin partnership to expand the ecosystem
Midnight (NIGHT), a privacy-focused protocol developed as a Cardano sidechain, has recorded over $3.5 billion in trading volume within 24 hours—a rare milestone in the crypto market. This marks a 68% surge in volume, signaling renewed interest in privacy-based digital assets. While the price saw a modest rise, growing ecosystem activity, strategic partnerships, and rising investor attention continue to position Midnight as a project to monitor.
Trading Volume Surges as Midnight Attracts Market Attention
Midnight (NIGHT) saw a sharp increase in trading activity over 24 hours, according to CoinMarketCap data. The token’s trading volume surged by more than 68%, reaching $3.53 billion. This substantial jump coincided with a 3.15% price increase, pushing NIGHT to $0.06866.
The token’s price movement ranged between a low of $0.06389 and a high of $0.07 during the period, before undergoing a slight correction. The Fear and Greed Index for the asset currently stands at 27, indicating a market sentiment in the “fear” zone. This means cautious investor behavior amid heightened market activity and increasing Bitcoin dominance, which currently sits at 58.94%.
🚨BREAKING$NIGHT hits $3bn in 24hours volume, surpassing even $XRP 🤯🤯🤯 pic.twitter.com/1Nw0YSC7R0
— Sssebi🦁 (@Sssebi) December 20, 2025
Midnight’s Relative Strength Index (RSI) is currently at 63.68, approaching overbought levels. Technical indicators suggest that maintaining support above $0.0659 could allow NIGHT to continue its bullish trend. Conversely, a decline below $0.063 could trigger a move back toward the $0.06 support range.
Partnership Plans Signal Long-Term Development
Beyond market data, the Midnight Foundation has indicated plans to collaborate with a major stablecoin issuer. Foundation President Fahmi Syed expressed confidence that a deal will be finalized soon. The partnership is expect