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Cardano Tumbles 3% Amid Market Carnage—Midnight Airdrop Fuels Wild Swings
Cardano Tumbles 3% Amid Market Carnage—Midnight Airdrop Fuels Wild Swings
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Crypto markets bled red again today—and Cardano took the knife. ADA's 3% drop mirrors the broader sell-off, but the Midnight network's surprise token dump added gasoline to the fire.
Whiplash Warning: Free Tokens ≠ Free Gains
The Midnight airdrop triggered classic crypto theater: early bots grabbed the lion's share, leaving retail traders chasing volatility. Meanwhile, 'stablecoins' lived up to their name about as well as a caffeine-fueled trapeze artist.
Silver lining? At least the drop wasn't double-digits—small mercies in a market where 'fundamentals' is just a funny word VCs use before rug pulls.
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