Don't stare at those buy orders on the spot market.
The weekend's @MidnightNetwork $NIGHT is staging a silent bloodletting.
You think that by burning your spot holdings into anonymous fuel during the liquidity trough, you can complete your on-chain invisibility unnoticed. But the harsh reality of the ledger is appalling—
Too few people are transferring over the weekend; the fresh water in the privacy pool can't conceal you at all.
To meet the security threshold of zero-knowledge proofs, smart contracts force your wallet to generate a large number of "decoy transactions." You only transferred one amount, but the system forces you to package a dozen false hashes on-chain to confuse the narrative. And for each decoy, you have to pay ZK computing fees and mainnet tolls with real money.
From last night until now, 85% of the on-chain interactions across the network consist of this meaningless decoy trash data.
Retail investors, trying to transfer a hundred bucks, are being hit with nearly 15 dollars in hidden wear and tear by the contract.
And what about those big whales holding substantial funds?
They directly send their massive transfers through private relay nodes, quietly slipping into the decoy pool constructed by retail investors. They don’t have to pay a single cent in extra costs, perfectly taking advantage of the privacy depth built by retail investors with their hard-earned money.
Using their own hard-earned funds to serve as a free human shield for the whales across the entire chain.
How many hopeful bottom feeders expecting a rebound from a sharp drop can still be trapped by this one-way bloodsucking deal over the weekend?
You think you are invisible.
Actually, you are paying the cover fee for others. #night