NIGHT (Midnight) fluctuated 111.5% in 24 hours: Bitget listing and Launchpool drove the surge

Volatility Brief

In the past 24 hours, the price of NIGHT hit a low of $0.020 and a high of $0.0423, currently standing at $0.04089, marking a dramatic price fluctuation of 111.5%. The 24-hour trading volume is approximately $30.3–37.68 million (down 20.2% from the previous day), with a market cap of about $672 million.

Analysis of Reasons for the Price Movement

- Bitget exchange announced that the NIGHT/USDT spot trading pair will be listed at 11:00 UTC on April 9, 2026. Deposits are now open, and a Launchpool event runs in tandem, with a total reward pool of 12 million NIGHT (11.25 million in the BGB pool and 750,000 in the NIGHT pool). The lock-up period lasts until April 16.

- This listing announcement directly triggered a price rebound from the low, causing a surge in trading volume and widening volatility.

Market Views and Outlook

The X community has responded enthusiastically to the Bitget Launchpool event, with many posts promoting locked rewards and viewing this as an opportunity to boost liquidity. CoinGecko displays an 80% bullish sentiment. The mainstream view expects active trading post-listing but cautions that newly listed coins on CEXs can experience high volatility, so attention should be paid to unlock pressure.