- Glacier drop distributes over 739M NIGHT tokens, attracting 35K+ new claims and boosting Cardano’s user numbers.
- Cardano holds a 63% share of NIGHT token distribution, leading among supported blockchains.
- ADA price has surged over 13% since Wednesday, aided by broader crypto market momentum.
Charles Hoskinson, founder of Input Output Global (IOG), is buzzing with excitement over the success of the Glacier drop — a free distribution of NIGHT, the native token of the Midnight blockchain built on Cardano. According to him, the airdrop has already triggered a wave of fresh sign-ups to the Cardano ecosystem, with momentum fueled by organic interest rather than heavy marketing spend.
Screenshots Hoskinson shared on X show that 35,602 claims have been made so far, amounting to about 739.5 million NIGHT — 3.08% of the total supply. Cardano leads token distribution with a 63% share, outpacing other chains hosting NIGHT. Earlier this week, he celebrated another milestone: over 11,000 redemptions for 250 million NIGHT, calling the progress “blowing me away.”
Boost to ADA Prices
The buzz around Glacier drop appears to have coincided with a lift in Cardano’s native token, ADA. Over the past day, ADA’s price jumped 3.89%, moving from $0.7812 to $0.8190. Since Wednesday, the gain totals 13.61%, tracking alongside Bitcoin’s rally sparked by U.S. President Donald Trump’s executive order allowing corporate retirement accounts to invest in Bitcoin and other digital assets.
Midnight’s Role in Cardano’s Growth
Midnight, the privacy-focused blockchain leveraging Cardano’s infrastructure, is positioning itself as a major contributor to the network’s growth. The Glacier drop is functioning as a bridge, pulling in new wallets and users who may later engage with ADA and other Cardano-based projects. If this adoption curve continues, the impact could stretch far beyond a one-time airdrop, strengthening Cardano’s user base long term.
