TLDR
- Cardano founder teases Midnight airdrop update on August 5, 2025.
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Eligible Cardano, XRP, BTC, and ETH holders stand to receive NIGHT tokens.
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Midnight airdrop may distribute up to 24 billion NIGHT tokens across major chains.
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Midnight token could rank among top 20 with strong demand and adoption.
Charles Hoskinson, the founder of Cardano, has sparked excitement among crypto enthusiasts with a cryptic tweet regarding the upcoming Midnight airdrop. In the post, he hinted at a major update related to the Midnight project, leading many to believe that a new stage in the airdrop campaign is near. The tweet, posted on August 5, 2025, has fueled speculation that the Midnight token claim portal could be launching sooner than expected.
Many in the crypto community were anticipating the announcement of the Midnight token claim portal during the Rare Evo conference, which is set to take place between August 6 and 10. However, Hoskinson’s tweet raised the possibility that the launch could happen earlier, with some suggesting it may coincide with the August 5 announcement.
Cardano Midnight Airdrop Could Impact Token Holders Across Multiple Chains
The Midnight airdrop is shaping up to be one of the largest and most significant distributions in the cryptocurrency space. According to the Midnight Foundation, the airdrop will distribute up to 24 billion NIGHT tokens, with half of these tokens allocated to Cardano (ADA) holders. The rest will be divided among holders of XRP, BTC, ETH, and other cryptocurrencies.
🙂 tomorrow kids https://t.co/8qluVaAwg6 pic.twitter.com/wQw7uyQvHD
— Charles Hoskinson (@IOHK_Charles) August 5, 2025
More than 37 million eligible users worldwide will benefit from this distribution, which is taking place across eight major blockchains. Among the largest groups of eligible token holders are those with XRP, as over 2.2 million XRP wallets containing a combined total of over 62 billion XRP are set to receive NIGHT tokens at a conversion rate of 1 XRP to 0.04173 NIGHT.
Additionally, BTC and ETH holders are also in line for significant payouts, with 696.97 NIGHT tokens allocated per BTC and 50.73 NIGHT per ETH. These numbers demonstrate the massive scale of the airdrop, particularly for the Cardano community, which is receiving the largest portion of the distribution.
Speculation Builds Around the Midnight Airdrop Timeline
While the exact timeline for the Midnight airdrop has yet to be confirmed, there is growing speculation that it could take place sooner than originally expected.
Although Hoskinson previously suggested that the airdrop’s official launch would be revealed during the Rare Evo conference, his recent tweet has led many to believe the token claim portal could be made available on August 5, 2025.
Despite the possibility of an earlier launch, Hoskinson has confirmed that the airdrop will still occur within the latter half of 2025. He also reassured investors that the Midnight Glacier Drop snapshot has been completed, which means the distribution is ready to proceed. This marks a crucial milestone for the project as it moves closer to its official launch.
Cross-Chain Potential of Midnight’s Airdrop and Token Adoption
The Midnight airdrop is generating significant interest not only due to its size but also because of its potential to advance cross-chain adoption and privacy features within the cryptocurrency space. Experts are hopeful that the launch of Midnight could trigger wider use of privacy-focused solutions, making it a key player in the Web3 ecosystem.
With the Night token potentially valued at $0.41 at launch, it could see substantial demand and adoption, leading to its inclusion in the top 20 cryptocurrencies by market cap. This could also further elevate the importance of Cardano as a multi-chain platform, and the airdrop might play a significant role in strengthening its ecosystem.
Hoskinson’s confidence in the Midnight project’s progress and its increasing momentum is evident, as he continues to highlight its potential and the growing interest from major players in the industry. As the Midnight project continues to unfold, all eyes are now on the upcoming updates, with the crypto community eagerly awaiting the next steps in the airdrop and token launch.
