Cardano privacy token Midnight (NIGHT) has seen its

momentum stall after a major surge shortly after its
launch in December. Advertisement Privacy-linked
tokens gained the spotlight late last year, with
investors rotating into the segment even as attention
centered on Zcash. Midnight also rallied as investors
rotated back into privacy-focused assets.A massive
surge in December had seen Midnight token rise to
highs of $0.119 on Dec. 21. The price surge also
coincided with an explosion in volume, which at one
point surpassed $8 billion. HOT Stories BREAKING:
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Ethereum (ETH) Rally Finally Ready? The rally cooled
off but somewhat picked up at December's close. After
two green days at the start of 2026, NIGHT began
to decline again, marking six days of dropping from
Jan. 4 to 9. Advertisement Midnight price crashes
20%At press time, NIGHT was down 5.22% in the last
24 hours to $0.068 and down 20% weekly, according
to CoinMarketCap data. This comes as an outlier, as
privacy tokens Monero and Zcash were showing gains
in the last 24 hours. In particular,