# Cardano's NIGHT Token Hits Record Low After Major Selloff 290 million token dump pushes NIGHT to its all-time low price level. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-07-21 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/be1c9c05-14b0-4ab6-9cdb-7e449319d572 ## Historic Drop in NIGHT Token NIGHT, the privacy-focused token of Cardano's Midnight network, plunged over 43% today to hit an all-time low of $0.01524. The price drop was triggered by the movement of approximately 2% of NIGHT's supply from an old contract linked to Wanchain's Cardano-BNB Chain bridge. ## Hack Rumors and Clarifications While initial community speculation suggested a blockchain hack, the Midnight Foundation clarified that the issue stemmed from a cross-chain bridge problem, not the Midnight network itself. Researchers identified withdrawals of 515 million NIGHT tokens from the bridge address, with 290 million subsequently sold. ## Market Impact The massive sell-off dragged NIGHT's price down from $0.026 to $0.01524. Although trading continues, the token remains 27% down over 24 hours and has erased all weekly gains. Investors are advised to follow official updates closely. ## Cardano Founder's Comments Cardano co-founder Charles Hoskinson revealed their automated alert system detected the abnormal price movement. He emphasized that bridge infrastructure remains crypto's weakest link and called for better industry preparedness against AI-powered attacks. ## Bridge Security Concerns The incident reignited debates about blockchain bridge vulnerabilities. Experts suggest solutions like multi-signature systems and zero-knowledge proof technology could mitigate risks, but concerns grow about AI's ability to exploit security flaws. ## Wake-up Call for the Industry This event underscores the critical importance of bridge security in crypto. With warnings about DeFi platforms' vulnerability to AI-powered attacks, investors need to exercise greater caution in risk management practices. ## Sources covering this story - https://cryptopotato.com/cardanos-night-hits-all-time-low-after-290m-token-dump/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._