Hoskinson Challenges CoinMarketCap's NIGHT Token Price Record

Charles Hoskinson, founder of Cardano, has disputed CoinMarketCap's record of Midnight's NIGHT token reaching an all-time high of $1.81 during its launch in December 2025. According to Hoskinson, this price was not the result of sustained market trading but rather the token's initial price-discovery process.

Hoskinson compared the situation to a hypothetical scenario where Zcash showed a $2 trillion value, stating that extreme numbers seen during a launch should not be treated as real market values.

CoinMarketCap lists $1.81 as NIGHT's all-time high, while CoinGecko records a much lower peak of $0.1185, highlighting the difference in price records between the two websites.

NIGHT has recently recovered, climbing above $0.05 and reaching $0.05257 after Midnight launched permissionless smart contract deployment on its mainnet.