Cardano Founder Explains Why Not Sell ADA For NIGHT
NeutralCryptocurrency

- Following the recent airdrop of the Midnight (NIGHT) token, Cardano founder Charles Hoskinson addressed concerns from ADA holders about whether they should sell their ADA for NIGHT. He argued that such a move is misguided, emphasizing the unique role of Midnight within Cardano's ecosystem.
- This clarification is significant as it aims to stabilize investor sentiment amidst fluctuating market conditions and the recent volatility of the NIGHT token, which saw a dramatic price drop shortly after its launch.
- The situation reflects broader trends in the cryptocurrency market, where new token launches can lead to both excitement and uncertainty, as seen with the mixed reactions to NIGHT's performance and the ongoing challenges faced by Cardano in recovering its market position.
— via World Pulse Now AI Editorial System



