{"id":503923,"date":"2025-10-23T03:28:04","date_gmt":"2025-10-23T03:28:04","guid":{"rendered":"https:\/\/Blockchain.News\/news\/cardano-ada-price-drop-midnight-mint-event"},"modified":"2025-10-23T03:28:04","modified_gmt":"2025-10-23T03:28:04","slug":"cardano-ada-faces-a-6-5-price-drop-amidst-midnight-mint-event","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/10\/23\/cardano-ada-faces-a-6-5-price-drop-amidst-midnight-mint-event\/","title":{"rendered":"Cardano (ADA) Faces a 6.5% Price Drop Amidst Midnight Mint Event"},"content":{"rendered":"<figure class=\"figure mt-2\">\n<p> <a href=\"https:\/\/blockchain.news\/Profile\/Timothy-Morano\">Timothy Morano<\/a> <span class=\"publication-date ml-2\"> Oct 23, 2025 03:28<\/span> <\/p>\n<p class=\"lead\">Cardano&#8217;s price decreased by 6.5% despite the successful minting of 24 billion NIGHT tokens by the Midnight project, highlighting market volatility.<\/p>\n<p> <a href=\"https:\/\/image.blockchain.news:443\/features\/8A6D364E10667B70266C559AAAD3793038EA7B225A572DDB5616E316563F53D8.jpg\"> <img decoding=\"async\" class=\"rounded\" src=\"https:\/\/image.blockchain.news:443\/features\/8A6D364E10667B70266C559AAAD3793038EA7B225A572DDB5616E316563F53D8.jpg\" alt=\"Cardano (ADA) Faces a 6.5% Price Drop Amidst Midnight Mint Event\"> <\/a> <\/figure>\n<h2>Midnight Project Milestone<\/h2>\n<p>The Midnight project, a highly anticipated privacy-focused sidechain on the Cardano network, has achieved a significant milestone. According to CoinMarketCap, the project successfully minted its entire supply of 24 billion NIGHT tokens. Despite this progress, the Cardano (ADA) price faced a notable decline.<\/p>\n<h2>Cardano Price Movement<\/h2>\n<p>On October 22, 2025, Cardano experienced a 6.5% drop in its price, falling from weekly highs of $0.6718 to $0.6304. This decline occurred even amid the excitement surrounding the Midnight project&#8217;s minting event. The broader bearish market conditions contributed to the increased volatility, overshadowing the positive developments within the Cardano ecosystem.<\/p>\n<h2>Project Phases and Market Impact<\/h2>\n<p>The Midnight project has now transitioned into the Scavenger Mine phase, paving the way for the upcoming Redemption phase. These stages are crucial in the project&#8217;s roadmap, yet they have not shielded Cardano from market pressures. The recent price drop highlights the challenges faced by cryptocurrencies, even when supported by significant technological advancements and community interest.<\/p>\n<p>For more information, visit the <a rel=\"nofollow\" href=\"https:\/\/coinmarketcap.com\/headlines\/news\/cardano-price-drops-6-5-despite-the-midnight-mint-event\/\">CoinMarketCap<\/a>.<\/p>\n<p><span><i>Image source: Shutterstock<\/i><\/span> <!-- Divider --> <!-- Author info END --> <!-- Divider --> <a href=\"https:\/\/blockchain.news\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Timothy Morano Oct 23, 2025 03:28 Cardano&#8217;s price decreased by 6.5% despite the successful minting of 24 billion NIGHT tokens by the Midnight project, highlighting market volatility. Midnight Project Milestone The Midnight project, a highly anticipated privacy-focused sidechain on the Cardano network, has achieved a significant milestone. According to CoinMarketCap, the project successfully minted its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":503924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[123,194,7902,25,22730],"class_list":{"0":"post-503923","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain","8":"tag-cardano","9":"tag-cryptocurrency","10":"tag-midnight","11":"tag-news","12":"tag-night-tokens"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/503923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=503923"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/503923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/503924"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=503923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=503923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=503923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}