Max Research

Crypto OG since 2016. $BTC & $ADA only.

[Max Research @Max_Researchium]

@MidnightNtwrk This is a good solution for developers who want to master privacy.

[Max Research @Max_Researchium]

@MidnightNtwrk @midnightfdn 👀

[Midnight @MidnightNtwrk]

Where to find Midnight IRL 👇

🇯🇵 Sapporo - Jan 25
🇯🇵 Osaka - Jan 28
🇯🇵 Fukuoka - Jan 31
🇯🇵 Naha - Feb 3
🇯🇵 Tokyo - Feb 7
🇭🇰 Consensus Hong Kong - Feb 10–12

See you there.

[Max Research @Max_Researchium]

Are you so worried about the price? Buy more services from market makers, they will do it. If you are not interested in raising prices through the services of a market maker, it is possible to hire many experienced managers to find tier-1 customers for midnight.

Ordinary people don't determine the price, as you know, they still have too few tokens to put much pressure on the price

[Max Research @Max_Researchium]

COINS LAUNCHED THIS YEAR AND IMMEDIATELY RANKED IN THE TOP 100 COINS

Someone will say that it was impossible to foresee, but that would be a lie, I have been tracking $night for more than 2 years. If you know where to look, then the chances of a successful search increase.

[Max Research @Max_Researchium]

@the_voc_ there are different statistics reflecting different parameters, I will publish different ones. You know, I study this much more fragmentally than others and not only on-chain. I devote a lot of time to sentiment and the fundamental side

[Max Research @Max_Researchium]

#CARDANO: ACTIVE ADDRESSES

The total number of daily active addresses $ADA is around ~22k per day.

I understand that other blockchains L1 have arbitration bots (like Solana) and the like that create most of the transactions. But if it's only about $ADA, it still looks too small at the moment. I would like to see more, and I hope that Midnight will significantly increase activity in Cardano

[Max Research @Max_Researchium]

@the_voc_ Staking rewards are not taken into account in activity statistics

[Max Research @Max_Researchium]

@IOGCharles Midnight is a hybrid of UTXO (public part) + account-based (private part). The account model has its drawbacks

[Max Research @Max_Researchium]

@Panteater67 It is impossible to predict the fall or rise, no one knows the future. Statistics is the science of the past

[Max Research @Max_Researchium]

$ADA: ADDRESSES WITH ≥ 0.01% OF SUPPLY

The number of #Cardano addresses with a supply volume of ≥ 0.01% decreased in 1 month from 855 addresses to 790. These are the users who have at least ~3.7 million ADA.

[Max Research @Max_Researchium]

@JohnBarrabas $night private transactions are very interesting, this is what I myself am waiting for and have high hopes for

[Max Research @Max_Researchium]

@tradersony110 To be sure exactly what's going on, you need to check each wallet using on-chain analysis. It's probably possible to figure out whose wallets these are, but it's very difficult

[Max Research @Max_Researchium]

$ADA: ADDRESSES WITH ≥ 0.1% OF SUPPLY

The number of #Cardano Addresses with ≥ 0.1% of Supply increased in 2 months from 102 addresses to 130

[Max Research @Max_Researchium]

$ADA: ADDRESSES WITH ≥ 0.001% OF SUPPLY
The number of #Cardano addresses with a supply volume of ≥ 0.001% decreased from 12.36k holders in 2021 to 7.46k holders at the end of 2025.
These are the users who have at least ~370k ADA

[Max Research @Max_Researchium]

@eric12332012 I don't have any more recent data at the moment, sorry friend. I'll post them as soon as they appear

[Max Research @Max_Researchium]

#CARDANO: VALUE IN TOP 100 ADDRESSES

Between 2021 and 2025, the number of the 100 largest Cardano wallets increased the total balance from 7.1 billion ADA to 10.5 billion $ADA.

*Value in Top 100 Addrs - the sum of all native units held by the richest 100 addresses at the end of that time interval.

[Max Research @Max_Researchium]

$NIGHT RANKS 1ST IN TERMS OF PRICE GROWTH OVER THE PAST WEEK AMONG TOP-50 CRYPTOCURRENCIES

At the same time, $ADA looks worse than the broader market. Could this signal a flow of liquidity from ADA to NIGHT? Yes, this is theoretically possible. Need to monitor correlations more closely in the coming months and probably research more on-chain data.

[Max Research @Max_Researchium]

$FLOW COIN CONTINUES TO PLUMMET, FALLING BY MORE THAN -30% IN THE LAST HOUR. Without any news, the coin just rolled away, updating the bottom on October 10th...
And you know what? I made a post about the problems with the number of coins and the lack of liquidity in the market, and this is just the beginning. If you are still sitting in technologically weak blockchains, memcoins, etc., you still have time to think about switching to cryptocurrencies such as BTC, $ADA, and some others.

[Max Research @Max_Researchium]

NO SHILLS. NO SHITCOINS. STOP IT.
Have you ever thought about why the crypto market is fundamentally different from the previous 3 cycles? I suggest you think about it together.

As of December 13, 2025, there are 59,381,191 tokens out there, if you count most blockchains SOL, XRP, BASE, TRON etc. These tokens are created with the support of blockchains and, in fact, there is a struggle for liquidity between blockchains. With every new token launch, the existing liquidity in the market gets split up-it's not hard to imagine where that's heading in the end. And exchanges looking to make a buck will obviously speed up the process by listing any token that can cough up a relatively small fee for it.

What was it like before?

During the ICO boom in crypto's second cycle (2014–2017), there were only 13,200 cryptocurrencies by the end of 2017. In the institutional cycle (2018-2021), when funds and big institutional investors started piling in and placing major bets on various altcoins, the number of altcoins ballooned to 3,124,000 by the end of 2021.

The logical question is, what's next? Will the number of tokens keep growing? I don't think so-we're close to a breaking point. You've probably already heard about the lightning-fast crashes in the altcoin market this year; that happened precisely because of the lack of liquidity. Market-making trading bots try to keep prices stable with minimal spreads using HFT orders, but you can't fake liquidity-it's just not enough.

I figure most altcoins will keep plunging -70% and more in a matter of hours, and this will happen over and over again until exchanges start mass delistings. Liquidity has gotten smarter; in 2026, the US is rolling out a softer monetary policy, but please, don't think your shitcoin is going to pump-that's deceptive. At least to me. I plan to focus on the strongest decentralized cryptocurrencies based on fundamentals, such as $ADA & BTC.

Be smart.