Cardano’s Midnight Network conducts a major airdrop, distributing 1.2 billion NIGHT tokens to eligible XRP holders. This event was announced at Consensus 2025.
Key Details of the Airdrop
Cardano is conducting an airdrop targeting over 2.2 million XRP wallets. Founder Charles Hoskinson described this event as "the largest airdrop in terms of wallet reach." Users must hold at least $100 worth of XRP to qualify, with the snapshot taken on June 11, 2025.
Impact on the Cryptocurrency Market
The airdrop of NIGHT tokens is expected to impact the cryptocurrency market. The introduction of tokens into circulation could catalyze increased activity on the Cardano network. The financial implications may include shifts in demand and price fluctuations for XRP. Historically, airdrops result in temporary market changes, enhancing liquidity.
Participation and Accessibility
The event aims to engage a variety of participants and influence the development of Cardano’s ecosystem. Users can claim tokens until mid-September 2025 via an official portal without incurring gas fees. This approach enhances accessibility, and experts predict that the distribution of NIGHT tokens will strengthen community participation within Cardano.
The NIGHT token airdrop by Cardano represents a significant step in expanding the cryptocurrency community and could alter market dynamics. The inclusion of a wide range of wallets opens new opportunities for ecosystem development.
