NIGHT token experienced a significant 24% surge in the past 24 hours, with trading volumes reaching $5.03 billion. This increase comes as network activity intensifies due to ongoing airdrop initiatives. Despite the overall privacy token sector declining by 0.5%, NIGHT saw $106.05 million in net inflows.
However, concerns about centralization persist, as 94.13% of NIGHT's supply is held in just 10 wallets. The number of token holders has decreased to 6,200, and short positions remain robust, indicating potential volatility ahead.
NIGHT Token Jumps 24% Amid Airdrop Activity Despite Centralization Concerns
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