XRP NIGHT Token Airdrop Awaits Launch Despite Early Snapshot

• Once the claim window opens, XRP holders will receive 1.2 billion NIGHT tokens from a 24 billion total supply. 

• The snapshot was taken on June 10 and captured 37 million eligible wallets across eight blockchains. 

• The launch date will be announced at Rare Evo in August, and final distribution will happen in late 2025.

The highly anticipated XRP NIGHT token airdrop continues to generate significant buzz in cryptocurrency as millions of eligible holders await the official launch. Charles Hoskinson confirmed at Consensus 2025 that XRP holders will receive 5% of the total NIGHT token supply, totaling 1.2 billion tokens.

The Midnight blockchain is a privacy-focused sidechain on Cardano, utilizing zero-knowledge cryptography for enhanced security. The network features two native tokens: NIGHT for governance purposes and DUST for transaction fees. This dual-token system positions Midnight as a comprehensive privacy solution within the Cardano ecosystem.

Token Distribution Across Multiple Blockchains

The NIGHT token distribution follows a strategic cross-chain approach with a total supply of 24 billion tokens. Cardano holders will receive the largest allocation at 50%, equating to 12 billion tokens. Bitcoin holders secure 20% of the supply, representing 4.8 billion tokens. The remaining 30% is distributed among other blockchain networks, with XRP holders claiming 1.2 billion tokens from this allocation.

The comprehensive distribution strategy extends beyond major cryptocurrencies, including SOL, BNB, AVAX, and BAT token holders. This multi-chain approach demonstrates the project’s commitment to fostering cross-blockchain cooperation and expanding its user base across different ecosystems.

The snapshot for the Midnight airdrop was completed on June 10, capturing wallets holding at least $100 worth of XRP and supporting native assets. The process identified 37 million eligible wallets across eight blockchain networks: ADA, BTC, ETH, XRP, SOL, BNB, AVAX, and BAT.

Eligible participants will have a limited 60-day window to claim their tokens once the distribution begins. The exact starting date remains unconfirmed, creating anticipation among potential recipients. After the 60-day claim period expires, unclaimed tokens will enter a 30-day Scavenger Mine program for redistribution.

Tokens not claimed during these initial phases can still be recovered within four years through self-verification. This extended recovery period ensures maximum token distribution while preventing permanent token loss.

Launch Timeline and Market Expectations

Charles Hoskinson revealed that the NIGHT token launch date will be announced at Rare Evo, scheduled for August 6-10. The final distribution is planned for the second half of 2025, following a July delay that pushed back the original timeline.

The token release strategy includes four random phases throughout the year to minimize market impact and prevent significant price dumps. This phased approach reflects lessons learned from previous major cryptocurrency airdrops.

Market experts consider the Midnight airdrop potentially the largest cryptocurrency airdrop in history. Hoskinson has set ambitious goals for the project, targeting a position among the top 20 cryptocurrencies by market capitalization. If achieved, analysts estimate the NIGHT token could reach approximately 41 cents in value.

The airdrop represents a significant milestone for cross-chain cooperation, rewarding users across multiple blockchain ecosystems. The project’s success could establish new standards for multi-chain token distribution strategies in the cryptocurrency industry.