#JoinCreatorCertificationProgramToEarn$10,000 That's a very specific and dramatic news report about the NIGHT (Midnight) token's price action on December 10th.

The information you've provided highlights extreme volatility, which is common in the immediate aftermath of a new token listing on a major exchange like Gate:
📉 NIGHT (Midnight) Token Highlights (as of Dec 10)
| Metric | Value | Note |
|---|---|---|
| Current Price | $0.05 | - |
| 24-Hour Change | Down 88.76% | Indicates a massive sell-off after the initial high. |
| 24-Hour High | $1.81 | This peak was likely fleeting and driven by FOMO/pre-market hype. |
| 24-Hour Low | $0.02 | Shows the severe crash floor before a slight recovery to $0.05. |
| Current Market Cap | ~$840 million | A relatively high market cap despite the price crash, suggesting a large circulating supply. |
🚀 Recent Important News: Gate World Premiere
The key driver for this volatility is the Gate.io World Premiere and Launchpool:
* Spot Trading Launch: December 9th at 18:00 (Time Zone not specified in your text, but typically UTC or a major Asian time zone for Gate.io).
* Launchpool (344th Session): Began December 9th at 20:00 (likely same time zone as trading).
* Participation: Users can stake ETH, GUSD, or NIGHT.
* Reward Pool: 1.25 million NIGHT tokens.
* Duration: The end time/date is not included in your text (it cuts off at "December post").
Interpretation of the Price Action:
This pattern (1.81 high, rapid drop to 0.02, settling at 0.05) is a classic case of "pump and dump" or initial high-volatility token distribution:
* $1.81 Peak: Driven by initial excitement, hype from the Gate.io Launchpool, and perhaps limited liquidity at the very start.
* 88.76% Crash: As Launchpool participants or early private investors receive their tokens, many sell immediately to take profits, leading to a massive price correction back to a lower, more sustainable valuation ($0.02 - $0.05).
* $0.05 Current Price: The current trading price suggests the market is attempting to find equilibrium after the initial distribution shock.
Do you need me to search for the end date of the Gate.io Launchpool for NIGHT or look for any other follow-up news about the token?