Cardano Founder Teases Major Midnight Airdrop Update

 Cardano Founder Charles Hoskinson made a cryptic tweet suggesting the launch of the Midnight project airdrop initiative. This followed the recent release of its airdrop rate for XRP, BTC, and other eligible token holders.

Cardano Founder’s Tweet Fuels Airdrop Speculation

 In a cryptic post on X, Charles Hoskinson hinted at a potential new stage in the Midnight airdrop campaign. The post instantly led to a flurry of excitement. Holders of Cardano and XRP were especially optimistic as they stand to gain the most from the NIGHT token distribution.

Although it hasn’t been confirmed, there is growing conjecture that the Cardano Founder’s message alludes to the August 5th launch of the Midnight token claim portal. This could also mean other major updates tied to the Glacier Drop snapshot.

However,  the Cardano Founder had initially shared that its official launch timeline will be revealed during the Rare Evo conference, set to run from August 6–10. Despite the delay, Hoskinson insists that the airdrop will still occur in the latter half of 2025.

Hoskinson had verified that the Midnight Glacier Drop snapshot was finished. Both NIGHT and DUST tokens were intended to be distributed via the airdrop. About 37 million eligible users worldwide will receive the distribution, which will take place across eight major blockchains.

Notably, information about the distribution of the airdrop had been made public by the Midnight Foundation. More than 2.2 million XRP-holding wallets, containing over 62 billion XRP at the time of the snapshot, are eligible to receive NIGHT tokens at a conversion rate of 1 XRP to 0.04173 NIGHT.

With more than a million wallets eligible for the airdrop, Cardano is at the top of the allocation rankings. With 696.97 NIGHT per BTC and 50.73 NIGHT per ETH, holders of Bitcoin and Ethereum will also receive sizeable payouts.

Airdrop Could Trigger Major Cross-Chain Milestone

The cross-chain implications of the impending airdrop have drawn interest from the cryptocurrency community. Half of the 24 billion NIGHT tokens will go to ADA holders, while the remaining portion will go to XRP, BTC, ETH, and other cryptocurrencies.

With initial estimates placing its value at $0.41, NIGHT has the potential to rank among the top 20 tokens if demand and adoption continue. According to experts, this could be a turning point for Web3’s multi-chain integration and privacy adoption.

The Cardano founder had earlier responded to criticism, suggesting he is stalling Cardano’s progress. Hoskinson pointed to Midnight’s growing momentum. He highlighted potential adoptions including Wall Street’s interest in the privacy project and reiterated that he remains fully committed to both Cardano and Midnight’s long-term vision.

The Cardano Founder emphasized that Midnight’s strong pre-launch traction is proof of its significance within the broader Cardano ecosystem, pushing back against doubters with confidence. For now, investors are speculating whether the token launch might arrive earlier than the anticipated debut at Rare Evo.