Yeliz Akmaca 
Cardano founder Charles Hoskinson rejected all insider hoarding rumors regarding the Midnight (NIGHT) token airdrop. NIGHT claims exceeded 1.3 billion just weeks after launch. Hoskinson stated the process is running smoothly and the airdrop is performing well. Meanwhile, Glacier Drop data shows over 69,000 wallets claimed NIGHT tokens as of August 19. This represents 5.5% of the total supply. Analysts noted the pace may appear slow compared to other projects, but the 60-day claim period ensures fair distribution. This approach may trigger a surge in claims toward the end of the period.
Earlier, memes circulated suggesting Hoskinson would retain most tokens. He quickly addressed the rumors on social media, sharing evidence of high participation. Within the first 24 hours, the airdrop received over 250 million NIGHT claims. Hoskinson highlighted this milestone to reassure the community and counter skepticism.
https://twitter.com/memedonADA/status/1957804269354062152
Midnight Expands Institutional Strategy
Despite speculation, Midnight is growing its ecosystem through strategic partnerships. The Midnight Foundation announced collaboration with Fireblocks, enabling institutional clients to safely claim and manage NIGHT tokens. Fireblocks confirmed supporting Glacier Drop aligns with its goal of secure blockchain participation. The company also expressed confidence in Midnight’s privacy-focused vision.
Midnight launched NIGHT as a Cardano Native Asset, strengthening ties to the Cardano ecosystem. XRP holders will receive 5% of NIGHT’s total supply, equal to 1.2 billion tokens. ADA holders will receive 50% of the total supply. The remaining tokens will be distributed among users on other chains and Bitcoin holders. This ensures transparent and fair token allocation.
Hoskinson’s denial of hoarding rumors reinforces trust within the community. Data confirms strong demand and a smooth rollout. Strategic partnerships and transparent distribution further support Midnight’s long-term growth and adoption.
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