Midnight vs Raydium — how do they compare? Midnight trades at Rp309.34 (market cap Rp5,12T, Rp258,82M 24h volume), while Raydium trades at Rp11,091 (market cap Rp2,95T, Rp114,09M 24h volume). The key difference: Midnight is the larger of the two by market cap, and Midnight's circulating supply is 16,6B / 24B NIGHT (70%) versus 269,5M / 555M RAY (49%) for Raydium. Which is the better fit depends on your goals — on Pluang, investors hold Midnight for 8 Days and Raydium for 25 Days on average.
| NIGHT | RAY | |
|---|---|---|
Market Cap | Rp5,12T | Rp2,95T |
Volume (24h) | Rp258,82M | Rp114,09M |
Circulating Supply | 16,6B / 24B NIGHT (70%) | 269,5M / 555M RAY (49%) |
Typical Hold Time | 8 Days | 25 Days |
Signals from Pluang's Aura AI — not financial advice
Midnight (NIGHT) trades at Rp312.64, exhibiting a bearish technical outlook with moving averages signaling strong selling pressure. The price hovers near the pivot point of Rp313, with immediate support at Rp300 and resistance at Rp323. With 70% of the max 24 million tokens in circulation and an average hold time of 8 days, the asset shows moderate distribution but lacks recent fundamental catalysts.
Overall outlook is cautious due to the dominant bearish technical structure. Key opportunities include potential rebounds from support levels, while major risks involve low liquidity and high volatility. Investors should monitor for any ecosystem developments to shift momentum.
RAY is currently trading at Rp11,213 with a market cap of Rp3 trillion, showing bearish technical signals with moving averages indicating selling pressure while oscillators remain neutral. The token has achieved significant milestones including surpassing Rp1 quadrillion in trading volume following major exchange listings on Robinhood and Revolut. Recent protocol developments include enabling 24/7 tokenized stock trading for the SpaceX IPO on Solana, expanding RAY's utility as a liquidity protocol.
Overall outlook remains cautious due to bearish technical indicators, though recent exchange listings and protocol innovations present growth opportunities. Key risks include high volatility near resistance levels and regulatory uncertainty around tokenized securities. Investors should monitor RSI levels and trading volume patterns for entry signals.
What Pluang investors did over the last 30 days
Latest headlines on both assets
Midnight is a next-generation blockchain developed by Charles Hoskinson, co-founder of Ethereum and founder of Cardano. It uses zero-knowledge proofs to enable applications that protect user, commercial, and transaction data without sacrificing utility. Midnight introduces a public–private dual-state architecture and a dual-component token model designed to balance privacy, selective disclosure, and on-chain functionality.
Read more on NIGHT →Raydium (RAY) is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks.
Read more on RAY →