Crypto Drama! Cardano Founder Just…Ouch.

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So, Cardano, right? It’s been… quiet. Like, really quiet. Everyone’s been buzzing about Solana and XRP – Solana with all the dog coins 🙄, and XRP trying to be all…respectable with their “deals” and “compliance.” Honestly, who needs compliance? Anyway, Cardano was just kinda…there. Until now. Apparently. It’s always something, isn’t it?

This Token, NIGHT…Seriously?

This Midnight – NIGHT – token launches, and it’s a disaster at first. Plunges 90%? Ninety percent! You figure, “Okay, another crypto flop.” People grab their airdrops and immediately sell? Predictable. 🤦‍♂️ It’s like giving someone a free sandwich and watching them throw it in the trash. Why bother?

But then… it perks up. I mean, perks up. Suddenly, it’s dragging the whole Cardano network along with it. 122,000 transactions? People are actually using it? It’s a side chain. A side chain. Like, isn’t the main chain supposed to be doing things? It’s like building an addition onto your house, and then living in the addition.

Apparently, this thing focuses on “investor privacy.” Privacy? In crypto? Is that even a thing anymore? But hey, whatever works, I guess. People love secrets. Or they love thinking they have secrets. 🤷

It’s up 30% in a day and 44% for the week. A billion and a half dollar market cap. Okay, fine. Still doesn’t explain why anyone would invest in something named “Midnight” though. It sounds like a bad vampire movie.

Hoskinson Drops a Truth Bomb (and Probably Irritates Everyone)

So, Charles Hoskinson – the Cardano guy – sees this and just has to comment. I mean, could he not just let a good thing happen? Apparently not. Someone points out that NIGHT is doing more trading volume than Solana and XRP combined. Combined! Can you believe it?

And he’s like, “Oh, look at that!” Like he didn’t have anything to do with it. It’s a native token – which of course he reminds everyone of. Very subtle, Charles. Very subtle.

CoinMarketCap backs it up. NIGHT is at $6 billion, while XRP and Solana are scraping by. Though let’s be real, Cardano itself? Only $405 million. 🙄 Still getting overshadowed, despite this whole NIGHT thing. XRP and Solana are still bigger players. Cardano’s tenth, NIGHT is forty-sixth. Forty-sixth! It’s like winning participation trophies. No one cares.

Honestly, the whole thing is a mess. A beautiful, chaotic mess. Just like everything else in crypto.

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2025-12-22 13:44