Cardano's founder Charles Hoskinson has denied rumors of Midnight token hoarding amid a successful airdrop involving retail investors.
Token Hoarding Rumors
Hoskinson publicly refuted rumors of insider hoarding of Midnight tokens. He emphasized that the distribution is based on a retail-focused model without the involvement of institutional players, aimed at promoting transparency.
Airdrop Success and Market Reaction
The airdrop saw over 1.3 billion tokens distributed among more than 69,000 wallets. This led to a 15% increase in ADA’s price, reflecting growing market confidence. Participation from ETH and BTC holders highlights significant interest from retail investors.
Impact on Future Tokens and Technology
Cardano's approach to the airdrop sets a precedent for token transparency, likely influencing future token launches and regulatory policies. Hoskinson noted that Midnight will become one of the most significant and traded tokens within the Cardano ecosystem, supporting interest in privacy-driven technological solutions.
Cardano’s initiatives and the involvement of Charles Hoskinson highlight increasing market confidence and interest. The successful token distribution opens new opportunities for decentralized projects.
