The Midnight project has officially minted its entire maximum supply of 24 billion NIGHT tokens<\/a><\/strong> on the Cardano<\/a><\/strong> blockchain. This milestone marks the beginning of the distribution phase via airdrop<\/a><\/strong> and positions Midnight as one of the most promising sidechains<\/strong> in the ADA ecosystem. The zero-knowledge proof technology integrated into Midnight aims to offer advanced transaction confidentiality<\/strong> while maintaining compatibility with Cardano smart contracts.<\/p>\n\n\n\n Despite this positive technical announcement, the price of Cardano suffered a 6.5% correction<\/strong>. This decline comes amid increased volatility<\/strong> across the entire crypto market, but remains disproportionate compared to the concrete advances of the project. Trading<\/a> volumes increased significantly<\/strong> at the time of the announcement, indicating marked interest from traders, but selling pressure<\/strong> clearly dominated.<\/p>\n\n\n\n This market reaction illustrates a recurring phenomenon in the crypto universe: “buy the rumor, sell the news”<\/strong>. Many investors had likely accumulated ADA positions in anticipation of the Midnight event, creating prior buying pressure<\/strong>. Once the official announcement was published, these same players took their profits<\/strong>, triggering a wave of liquidations<\/strong> that weighed on the price.<\/p>\n\n\n\n