Privacy Tokens Heating Up: NIGHT Surges Amid XRP Capital Inflows and SHIB Contract Unwinding

The crypto market is showing fascinating divergence this week, with privacy-focused assets capturing investor attention. Midnight (NIGHT) has rallied 20% as interest in privacy protocols accelerates, though recent data shows a 24-hour pullback of 7.20% with trading volume reaching $5.01M—suggesting profit-taking may be underway.

Meanwhile, XRP continues its strong momentum, attracting $62.9 million in weekly inflows that represent a 34% increase from the prior week. This positions XRP as the leading capital magnet among tracked cryptocurrencies, with 24-hour trading volume surpassing $87.72M. The 13.46% weekly gain underscores sustained institutional and retail interest in the asset.

On the derivatives front, Shiba Inu (SHIB) demonstrates continued activity in its perpetual contracts market. Open interest climbed nearly 8% over the past 24 hours, now sitting at $75.76 million—equivalent to approximately 10,346,899,754,165 SHIB tokens. This uptick signals renewed leverage positioning and trader engagement with SHIB derivatives, worth noting as it represents roughly 20% of the 11000-level threshold traders are monitoring for potential breakouts.

The weekend surge in NIGHT’s $3.5 billion+ trading volume, combined with XRP’s capital inflows and SHIB’s contract expansion, paints a picture of a market rotting between established assets and emerging privacy narratives—suggesting traders are actively rebalancing portfolios across the sector.