Hoskinson’s Midnight Gala: XRP and SOL Left in the Dark 🌙✨

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Ah, the theatre of crypto! Our dear Charles Hoskinson, the impresario of Input Output Global, has taken to the digital stage of X (formerly the plebeian Twitter) to crow-rather loudly, one might add-about the triumphs of NIGHT, the native token of the Midnight network. This privacy-focused darling, it seems, has outshone the likes of XRP and SOL, leaving them to wallow in its luminous wake. 🌟

According to the ever-reliable CoinGecko, the 24-hour trading volume of this red-hot token has ballooned to a staggering $4 billion. One can almost hear the champagne corks popping in Hoskinson’s parlour. 🍾

A Launch of Such Splendor

The NIGHT token, after months of breathless anticipation, finally debuted on December 8th. It was swiftly embraced by the grandees of centralized exchanges-Kraken, Bybit, and the Cardano DEXs-as if it were the belle of the ball. Hoskinson, never one to mince words, declared its launch an “incredible success.” One wonders if he practiced his triumphal smile in the mirror. 😏

Midnight, with its quaint “thawing” period, doles out tokens in waves over 450 days, keeping its users in a state of perpetual anticipation. How delightfully torturous! 🕰️

The “Ghost Chain” Haunting No More?

This “frenzy,” as it has been called, seems to mock the tiresome “ghost chain” narrative that has dogged Cardano like a persistent cough. Apparently, the network is merely in its “bootstrap” phase-a term that sounds more like a Victorian invention than a technological stage. The Kūkolu Phase, expected in the first quarter of 2026, promises to bring privacy-preserving smart contracts to life. How very futuristic! 🚀

Hoskinson, ever the optimist, predicts a surge in TVL and MAUs, as if they were guests at a society ball. “Privacy,” he declares, “solves the biggest pain points of DeFi.” One can almost see him adjusting his monocle as he speaks. 🧐

“When Midnight turns on,” he intones, “imagine the 12-month rolling average TVL, transactions, and MAUs.” Ah, the rolling averages-the stuff of dreams! He envisions private prediction markets, stablecoins, and DEXes, where one can place a massive bet without so much as a whisper of one’s identity. How very discreet! 🤫

And let us not forget the “regulatory-friendly” private stablecoin-digital cash that is private to the public but still compliant for audits. A marvel of modern convenience, no doubt. 📜

So, as the crypto world watches with bated breath, one can’t help but wonder: will Midnight be the dawn of a new era, or merely another fleeting spectacle in the circus of blockchain? Only time will tell. 🎪

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2025-12-21 12:36