Cross-Chain Bridge Exploit Decimates NIGHT Token Valuation

• • The chart records mass panic selling action after the price breached the primary equilibrium support floor.
• • The absence of significant buying liquidity prolongs the capitulation phase without meaningful resistance.

The Midnight privacy network utility token is facing a severe fundamental crisis following reports of a cyber attack on the Wanchain Cardano-to-BNB cross-chain bridge infrastructure. The exploit, which drained hundreds of millions in NIGHT token supply, instantly paralyzed market confidence and triggered a massive-scale retail liquidation storm. Graphically, the price plummeted drastically, creating a liquidity void below its older support levels before coming to a weak halt at the $0.02004 (Rp358) mark. The highly acute distribution momentum devoid of protective bids indicates that the capitulation cycle has not entirely concluded. Consequently, the dominant selling pressure is projected to continue dragging the price down to test the initial buffer at the $0.01851 (Rp330) level within the next 3 days. Should the panic not subside, the weakness risks expanding to touch the historical floor at the $0.01734 (Rp309) point.

The release of security updates and compensation fund injections from the developers could instantly trigger a technical bounce. This downward momentum is automatically halted if the price impulsively reclaims ground above $0.02107 (Rp376).