Cardano has announced the largest airdrop in history for XRP holders as part of the Glacier Drop event associated with the launch of the Midnight network at Consensus 2025.
About the Airdrop
The airdrop will distribute 1.2 billion NIGHT tokens, representing 5% of the total supply. Eligible XRP holders, as determined by a June 11, 2025 snapshot, will receive these tokens. Cardano founder Charles Hoskinson stated, "The Glacier Drop is the largest airdrop ever attempted, inclusively supporting XRP holders, Bitcoiners, Ethereum holders, and more. No venture capital, no insiders, just retail users."
Market Impact
The airdrop could significantly impact market dynamics, as 37 million retail wallets are affected across multiple blockchains. The inclusion of major chains like XRP Ledger, Cardano, Bitcoin, and Ethereum highlights its broad scope. Financial implications are substantial, considering retail users across eight major blockchains are eligible.
Fostering Cross-Chain Collaboration
Charles Hoskinson emphasizes ending crypto tribalism by fostering cross-chain collaboration. The airdrop is aimed at establishing widespread community engagement within the crypto ecosystem.
The launch of Glacier Drop marks a significant step towards enhancing interaction among various blockchains and may reshape the asset distribution paradigm in the crypto community.
