The $NIGHT trading competition has just concluded, with the project team distributing 34.85 million tokens as rewards, which at the current price is roughly equivalent to 2.6 million USD.

To be fair, the project team is indeed willing to spend money. The problem is, this generosity may not be good news for the market.

Crypto projects are inherently aimed at making a profit when raising capital. Spreading out the tokens like this, who would still have the motivation to pump the price? Put yourself in their shoes—if you were airdropped tokens worth a few thousand USD, could you really resist selling?

Honestly, token holders have long been thinking about cashing out. So, the likely trend moving forward is a slow decline, with little suspense.