Charles Hoskinson Reveals Midnight Glacier Drop Updates

As investors eagerly await the Midnight Glacier Drop, Cardano founder Charles Hoskinson has provided new details regarding the airdrop. Hoskinson confirmed that users will receive NIGHT tokens in the latter half of the year, though a specific date remains undisclosed.

Midnight Glacier Drop Date Announcement in August

In a recent interview, Charles Hoskinson clarified the timeline for the anticipated Midnight Glacier Drop. The official launch date for the airdrop will be revealed during the Rare Evo event, scheduled from August 6-10.

Initially planned for July, the Midnight Glacier Drop has been slightly delayed, much to the disappointment of eligible address holders. However, Hoskinson assured that the airdrop would still occur in the second half of 2025.

Back in June, Hoskinson announced the completion of the Midnight airdrop snapshot, including ADA, BTC, and ETH holders. He recently confirmed that XRP holders would also receive NIGHT tokens from what he calls the “largest airdrop ever.”

Furthermore, Hoskinson suggested that NIGHT could achieve a market capitalization of $10 billion post-launch, potentially ranking it among the top 20 cryptocurrencies, with each NIGHT token valued at approximately 41 cents.

“NIGHT could be a $10B project right out of the gate,” said Hoskinson. “50% of the supply is allocated to ADA holders.”

Hoskinson Predicts ADA to Outperform Bitcoin

During the interview, Hoskinson also mentioned that the Midnight Glacier Drop would contribute to ADA's potential to surpass Bitcoin. He noted that Midnight’s launch model would attract partner chains, bringing annual airdrops to Cardano, thus strengthening the case for holding ADA.

Hoskinson highlighted Cardano’s venture into Bitcoin DeFi, aiming to transform it into a yield layer for Bitcoin. He emphasized Cardano’s long-term resilience, enabling it to match the pace of Bitcoin and Ethereum over the years.

When questioned about ADA’s chances of outperforming Bitcoin, Hoskinson suggested that Bitcoin's most optimistic outlook is a 10x rally to $1 million. Meanwhile, he believes that the combination of Bitcoin DeFi and the Midnight Glacier Drop could propel ADA to a meteoric rise. He has previously predicted that ADA would overtake ETH, with price predictions reaching $2.

“ADA can go a 100x or 1,000x,” said Hoskinson.

Currently, ADA is trading at $0.79, having decreased by 9% over the past week, with a market capitalization of $28 billion. As the community awaits the Midnight Glacier Drop launch date announcement, they are also anticipating the release of an ADA holdings audit report in August.

Codeum: Enhancing Blockchain Security

At Codeum, we are dedicated to providing top-tier blockchain security solutions. Our services include:

• Smart contract audits
• KYC verification
• Custom smart contract and DApp development
• Tokenomics and security consultation

We partner with launchpads and crypto agencies to ensure the highest standards of security and reliability in the blockchain space.