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DeFi News

How XRP Holders Can Bag NIGHT Tokens in Cardano Midnight Airdrop?

To be eligible, the user must have XRP worth at least $100 in their wallet on June 11, 2025 the date of the snapshot.

Written By:
Jalpa Bhavsar

Reviewed By:
Jahnu Jagtap

Last updated: July 8, 2025 10:50 PM
Published 2025-06-25
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How XRP Holders Can Bag NIGHT Tokens in Cardano Midnight Airdrop

The Cardano team has released a whitepaper for its new privacy-focused blockchain project called Midnight Network. This comes with a big announcement for crypto holders, especially those who hold XRP. 

The total supply of NIGHT tokens is 24 billion. Starting in July 2025, eligible users can begin claiming their tokens. Out of the 24 billion total NIGHT token supply, XRP holders will share 1.2 billion NIGHT, which is part of the 30% (7.2 billion tokens) allocated equally across crypto holders of XRP, ETH, SOL, BNB, AVAX, and BAT.

How Will XRP Holders Be Eligible for NIGHT Airdrop?

To be eligible, the user must have XRP worth at least $100 in their wallet on June 11, 2025 the date of the snapshot. If the user’s XRP wallet has that level of assets, then they are eligible to receive a share of the NIGHT tokens.

Beginning in July 2025, the NIGHT token airdrop for XRP holders will be placed in three stages. The first phase, known as the Initial Claim Phase, will run for sixty days. Next comes the Scavenger Mine phase, lasting 30 days, where users can earn unclaimed NIGHT tokens by completing certain computational tasks.

To prevent a massive sell-off, all claimed NIGHT tokens will be locked in a Cardano smart contract. Only 25% of the tokens will be gradually unlocked over a year, in four equal parts.

The last phase is the Lost-and-Found phase, one final opportunity to claim tokens before any excess is transferred to Midnight’s treasury after four years. Although Midnight is still on testnet, its mainnet release is scheduled for 90 days following the airdrop. Cardano founder Charles Hoskinson sees Midnight as a top DeFi hub, particularly for XRP holders, with benefits of privacy, cross-chain capabilities, and selective disclosure.

Also Read: Ripple’s XRP Gears Up For 1 Billion Token Unlock, What’s Next?

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Ripple (XRP)
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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
Follow:
Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
Follow:
Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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