Warning Signals from TOKEN NIGHT: Excessive Concentration Despite Airdrop Activity

SchroedingerGas · 2026-01-13T08:53:41+00:00

Token NIGHT faces major challenges from high capital concentration, with 81.23% held by just 10 wallets. Despite ongoing airdrop initiatives, concerns over market volatility and distribution remain critical as the project seeks genuine community engagement.

SchroedingerGas

2026-01-13 08:53:41

Abstract generation in progress

Although conducting airdrops to attract the community, the NIGHT token is facing a major challenge: excessively high centralization. The latest data shows that 81.23% of the total NIGHT supply is held by just 10 wallets, an extremely concerning indicator for system decentralization and security. This figure not only reflects risks but also raises questions about the true independence of the project.

Price Movements and Market Dynamics

For followers of this token, the past week has brought significant volatility. NIGHT currently records a decrease of 3.97% in the last 24 hours, with a trading volume of $2.77 million. Interestingly, despite market hesitation, airdrop initiatives continue to take place, creating a complex pressure between community demand and market reality.

Network Status and Warning Signs

The number of token holders has reached nearly 10 million addresses, but uneven distribution remains a major issue. When a large amount of funds is concentrated in a few wallets, any sell-off from major holders can cause significant volatility. Short positions remain strong, reflecting some market skepticism about the project’s future prospects.

In conclusion, although airdrops are a way for NIGHT to increase participation, concerns about excessive centralization still take a more prominent position in the current debate.

NIGHT0,39%

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