Charles Hoskinson Shares Key Updates On Midnight Glacier Drop

Midnight Glacier Drop Date To Be Revealed In August

In a recent interview, Charles Hoskinson has shed light on the timeline for the widely anticipated Midnight Glacier Drop. The Cardano founder revealed that a formal launch date for the airdrop will be announced during the Rare Evo event scheduled for August 6-10.

Originally slated for July, Hoskinson hints at a delay for the Midnight Glacier Drop to the dismay of holders of eligible addresses. However, Charles Hoskinson maintained during the interview that the airdrop will take place in the second half of 2025.

Back in June, Hoskinson announced the completion of the Midnight airdrop snapshot with ADA, BTC, and ETH holders all making the cut. Recently, Hoskinson confirmed that XRP holders will receive NIGHT tokens from the “largest airdrop ever.”

Furthermore, the outspoken founder tipped NIGHT to clinch a market capitalization of $10 billion after launch. Flowing from Hoskinson’s claim, the project will rank among the top 20 largest cryptocurrencies by market capitalization, with each NIGHT token valued at around 41 cents.

“NIGHT could be a $10B project right out of the gate,” said Hoskinson. “50% of the supply is allocated to ADA holders.”

ADA To Outperform Bitcoin, Says Hoskinson

Hoskinson added during the interview that the Midnight Glacier Drop will contribute to ADA’s quest to outperform Bitcoin. He disclosed that the launch model of Midnight will attract partner chains to bring in annual airdrops to Cardano, making a strong case for holding ADA.

Furthermore, Hoskinson pointed to Cardano’s attempt at Bitcoin DeFi, essentially transforming it into the yield layer of the largest cryptocurrency. He alluded to Cardano’s long-term resilience to match the pace of Bitcoin and Ethereum over the years.

When quized about ADA’s chances to outperform Bitcoin, Hoskinson revealed that the most bullish outlook for BTC is a 10X rally to $1 million. Meanwhile, he argued that the combination of Bitcoin DeFi and the Midnight Glacier Drop can send ADA on a meteoric rally. Previously, Hoskinson predicted that ADA would surpass ETH amid price predictions for the asset to reach $2.

“ADA can go a 100x or 1,000x,” said Hoskinson.

At press time, ADA is trading at $0.79 after losing 9% in a week as market capitalization settles at $28 billion. Ahead of the Midnight Glacier Drop launch date reveal, community members also have their eyes on the release of an ADA holdings audit report in August.