Close Menu
MMJ News NetworkMMJ News Network
  • Home
  • Cannabis
  • Psychedelics
  • Crypto & Web3
  • AI
  • CBD
  • Wellness & Counterculture
  • MMJNEWS

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Philippines Turns to Blockchain After Mass Protests Over Corruption

September 25, 2025

Expert Reveals Why XRP Won’t Mirror Bitcoin’s Path And Why A Decoupling Is Imminent

September 25, 2025

US Dollar Bounces, Gold Pauses Rally: What’s Next for Bitcoin?

September 25, 2025
Facebook X (Twitter) Instagram
MMJ News NetworkMMJ News Network
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • Cannabis
  • Psychedelics
  • Crypto & Web3
  • AI
  • CBD
  • Wellness & Counterculture
  • MMJNEWS
MMJ News NetworkMMJ News Network
Home » 11,000 Wallets Grab NIGHT Tokens in Cardano Airdrop Amid Disappointing $71M Upgrade
BTC

11,000 Wallets Grab NIGHT Tokens in Cardano Airdrop Amid Disappointing $71M Upgrade

EditorBy EditorAugust 6, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Cardano’s Midnight Network has launched its highly anticipated NIGHT token airdrop, and the crypto community responded in full force. Within hours of the August 5 launch of the “Glacier Drop” phase, over 11,000 wallets across eight major blockchains claimed more than 250 million NIGHT tokens.

Related Reading

The Midnight claim portal, now live, supports wallets from Cardano, Bitcoin, Ethereum, XRP, Solana, BNB, Avalanche, and Brave’s BAT. In total, 33.6 million wallets are eligible to participate in this multi-phase distribution.

cardano ada adausd

ADA’s price trends sideways on the daily chart, despite the launch of the highly anticipated Cardano NIGHT airdrop. Source: ADAUSD on Tradingview 

Phased Airdrop Mechanics and Cross-Chain Eligibility

While Cardano users will receive the largest share, 50% of the total 24 billion NIGHT tokens, holders from other networks are also included in the drop. The claim process is designed to be fair and non-custodial, requiring users to verify eligibility and sign a transaction.

This first phase will remain open for 60 days, followed by a second phase (Scavenger Mine) where users can earn unclaimed tokens through on-chain computational tasks. A third “Lost-and-Found” stage will begin post-mainnet and allow late claims for a limited fraction of the original allocation.

Ledger Wallet Glitch Hampers Some Cardano Users

Despite the excitement, not everything has gone smoothly. Many ADA holders using Ledger hardware wallets reported issues when trying to claim NIGHT tokens.

According to Cardano founder Charles Hoskinson, the problem lies with Ledger’s firmware, which currently supports message signing of only 31 bytes, far short of the 251 bytes needed for the Glacier Drop.

Related Reading

Cardano developers are actively working on a workaround, urging affected users to try again later in the month. “If you are one of the impacted people, then come back towards the end of the month and try again,” Hoskinson advised on X.

$71M Upgrade Fails to Lift ADA Price

Surprisingly, the airdrop’s momentum comes at a time when Cardano’s $71 million network upgrade has underwhelmed the market. Designed to enhance smart contract performance and scalability, the update has barely moved ADA’s price, which hovers around $0.72, a 2.92% drop in the last 24 hours.

Cover image from ChatGPT, ADAUSD chart from Tradingview



Source link

ADA ADA price ADA price analysis adausd Cardano Cardano airdrop
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor
  • Website
  • Facebook
  • Instagram

Related Posts

Expert Reveals Why XRP Won’t Mirror Bitcoin’s Path And Why A Decoupling Is Imminent

September 25, 2025

Why Shiba Inu Price Could Explode 100% With This Descending Pattern On The 2D Chart

September 25, 2025

Bitcoin At $3.4 Million? Arthur Hayes Thinks It’s Coming

September 25, 2025

Comments are closed.

Don't Miss
Crypto & Web3

Philippines Turns to Blockchain After Mass Protests Over Corruption

In brief Integrity Chain, built by BayaniChain, logs DPWH contracts and milestones as digital assets…...

Free Membership Required

You must be a Free member to access this content.

Join Now

Already a member? Log in here

Expert Reveals Why XRP Won’t Mirror Bitcoin’s Path And Why A Decoupling Is Imminent

September 25, 2025

US Dollar Bounces, Gold Pauses Rally: What’s Next for Bitcoin?

September 25, 2025

It isn’t your imagination; Google Cloud is flooding the zone

September 25, 2025
Top Posts

Red Imported Fire Ants Ravage South Carolina Hemp Crop

September 24, 2025

Texas Senator Who Pushed Hemp THC Ban Now Trying to Interject in Governor’s Executive Order

September 23, 2025

Where Candidates Stand on Cannabis in Virginia, New Jersey 2025 Gubernatorial Races

September 23, 2025

California Governor Signs Bill to Halt Cannabis Excise Tax Hike

September 22, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to MMJ News Network, your premier source for cutting-edge insights into cannabis, psychedelics, crypto & Web3, wellness, counterculture, and market trends. We are dedicated to bringing you the latest news, research, and developments shaping these fast-evolving industries.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Philippines Turns to Blockchain After Mass Protests Over Corruption

September 25, 2025

Expert Reveals Why XRP Won’t Mirror Bitcoin’s Path And Why A Decoupling Is Imminent

September 25, 2025

US Dollar Bounces, Gold Pauses Rally: What’s Next for Bitcoin?

September 25, 2025
Most Popular

Ethereum Falls as Crypto Exchange Bybit Confirms $1.4 Billion Hack

February 21, 2025

Florida Woman Accused of $850K Trump Solana Meme Coin Theft, Faces Deportation

February 21, 2025

Bitcoin, XRP and Dogecoin Sink Amid Inflation Fears and Bybit Hack Fallout

February 23, 2025
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 mmjnewsnetwork. Designed by mmjnewsnetwork.

Type above and press Enter to search. Press Esc to cancel.