- NIGHT token airdrop targets 30 million wallets on eight blockchains.
- ADA holders receive 50% of tokens.
- Tokens unlock over 360 days in four tranches.
Midnight Network’s NIGHT token airdrop, initiated on August 5, 2025, targets Cardano (ADA) and other major blockchain holders, involving 30 million wallets across eight blockchains through a phased distribution.
The token airdrop enhances Cardano’s ecosystem and privacy efforts, triggering significant market interest reflected by 470 million tokens claimed within 24 hours.
Cardano launched Midnight Network’s NIGHT token airdrop to 30 million wallets across eight blockchains on August 5, 2025. Cardano (ADA) holders receive 50% of the distributed tokens. Charles Hoskinson discusses Cardano developments in a recent tweet.
Founder Charles Hoskinson views this as a key milestone for Cardano. Over 470 million tokens were redeemed in the first 24 hours by 23,182 users. “Midnight Update: 23,182 redemptions for a total of 470 million tokens!” Cardano updates on recent progress can be found here. The tokens will unlock gradually over 360 days.
The airdrop affects multiple chains, including Bitcoin, Ethereum, and Solana, targeting wallets with at least $100 in native assets. Participants must use a Cardano address, fostering ecosystem engagement.
The financial impact involves a staggered token release to mitigate sell-offs. This strategy encourages holding, enhancing long-term value and reducing immediate market fluctuations.
In the initial phase, liquidity may concentrate on the NIGHT token. Airdrop mechanisms include partnerships with ecosystem wallets to streamline claims, potentially increasing Cardano infrastructure use.
The regulatory outlook remains stable, given the airdrop’s structure and lack of fundraising sales. Long-term, Midnight’s approach may influence cross-chain privacy token strategies within the blockchain sphere.
