- Cardano airdrops 1.2 billion NIGHT tokens to XRP holders.
- Over 2.2 million XRP wallets to benefit.
- Largest airdrop in terms of wallet reach.
Cardano’s Midnight Network is distributing 1.2 billion NIGHT tokens to 2.2 million XRP wallets in a significant airdrop initiative announced at Consensus 2025.
This major airdrop underscores the expanding ecosystem of Cardano, affecting multiple blockchain assets and potentially altering market dynamics as claims proceed.
Lede
Cardano’s Midnight Network is conducting a major airdrop, distributing 1.2 billion NIGHT tokens to eligible XRP holders. Announced at Consensus 2025, the airdrop targets more than 2 million wallets, making it a record event in reach. Charles Hoskinson, the founder of Cardano, stated, “This will be the largest airdrop ever in terms of wallet reach.”
Nutgraph
Charles Hoskinson, the founder of Cardano, leads the initiative, focusing on XRP holders who need at least $100 worth of XRP to qualify. The snapshot was taken on June 11, 2025, cementing the airdrop’s scope.
Cryptocurrency Market Impact
The airdrop will likely impact the cryptocurrency market as NIGHT tokens enter circulation. This distribution could influence user engagement on the Cardano network, given the scale of wallet inclusivity.
The financial implications include potential shifts in XRP demand and price fluctuations. Such airdrops historically affect recipient tokens, leading to temporary market changes or liquidity movements.
Participation and Accessibility
The event is anticipated to engage various sectors, influencing Cardano’s ecosystem development. Participants have until mid-September 2025 to claim tokens via an official portal without incurring gas fees. This approach enhances accessibility. Experts predict that the NIGHT token distribution could bolster Cardano community participation, leveraging its governance role. Historically, large-scale airdrops have boosted short-term activity but also introduced selling pressures.
