XRP Holders to Receive ‘Largest Airdrop Ever’, Says Cardano Founder

Founder of Cardano has confirmed at Consensus 2025 that XRP holders will receive a significant share of NIGHT tokens from the upcoming Midnight network.

1.2 Billion NIGHT Tokens Reserved for XRP Holders

At Consensus 2025, Cardano founder Charles Hoskinson announced that XRP holders will be among the beneficiaries of a major NIGHT token airdrop from the upcoming Midnight network. Hailed as the “largest airdrop ever” in terms of reach, intends to send tokens to millions of wallets. This would be a significant advancement for cross-chain cooperation.

The Midnight network, a privacy-focused sidechain built for Cardano, is distributing its native NIGHT tokens to multiple blockchain communities. According to the network’s tokenomics, XRP holders are allocated 5% of the 24 billion NIGHT tokens planned for distribution. This is equivalent to roughly 1.2 billion tokens. Eligibility was determined by a snapshot taken on June 11. It captured wallets holding at least $100 worth of XRP at that time.

Across several ecosystems, including Bitcoin, Ethereum, Solana, BNB, AVAX, BAT, and Cardano itself, a total of 37 million wallets were found to be eligible. 50% of the allocation will go to Cardano holders, 30% will go to Bitcoin wallets, and 5% will go to other blockchain communities such as XRP.

How XRP Holders Can Claim Their Share

On July 15, the Midnight claim page went live. It marked the start of a 60-day period during which qualified users could claim their NIGHT tokens. This is a rare chance for XRP holders to be early participants in a new blockchain that prioritises privacy.

Hoskinson emphasized that integrating XRP holders and other ecosystems aims to unite the cryptocurrency community and transcend zero-sum competition. The founder of Cardano has consistently argued that cooperation is the next stage towards the sector’s maturity.

As CoinGape earlier reported, Cardano founder Charles Hoskinson and Ripple CTO David Schwartz had previously exchanged views on Midnight’s groundbreaking privacy framework and XRP’s evolving role in the crypto space. 

Hoskinson had outlined how Midnight could lead privacy-focused decentralized applications while still respecting regulatory standards. Additionally, Schwartz called Midnight’s design “extremely interesting,” praising its scalability and user privacy.

Midnight is a new type of blockchain that focuses on maintaining data privacy and adhering to regulations. It utilizes zero-knowledge cryptography to enable developers and businesses to create applications. This helps safeguard user information while complying with legal standards. The NIGHT token allows users to participate in governance, while the DUST token is used to pay for transactions on the network.

XRP can help connect with new systems, showing how well the altcoin can be used beyond its original ecosystem. With 1.2 billion NIGHT tokens set aside, XRP holders have a key role in the launch of Midnight.

✓ Share:

Michael Adeleke

Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.