Midnight continued its upward move as NIGHT stayed close to recent peaks despite brief waves of selling.
The token traded with a firm structure, suggesting bullish momentum remained intact in the short term.
Market behaviour showed buyers maintaining control even as some investors moved to secure profits.
Price action indicated confidence, with dips attracting demand rather than triggering sharp sell-offs.
Analysts observed that the broader trend still favoured upside continuation rather than reversal.
On-chain data revealed that the top 100 NIGHT holders trimmed their positions over the past week.
Combined holdings among these large wallets fell by roughly 14.5%, dropping from 236 million to 202 million NIGHT.
The reduction was viewed as strategic profit-taking rather than fear-driven distribution.
Large holders often reduce exposure near local highs to manage risk after strong rallies.
Despite this selling, the market absorbed supply without damaging the overall price structure.
Liquidity conditions appeared healthy, allowing transactions to clear without sharp volatility.