Cardano’s Midnight Network Launches Glacier Drop Claim Phase for NIGHT Tokens

The Glacier Drop phase quickly saw over 11,000 wallets claiming 250 million NIGHT tokens across eight blockchains, despite Ledger wallet issues and a lackluster market reaction to Cardano’s $71M upgrade.

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Summary

Cardano’s Midnight Network launched its highly anticipated NIGHT airdrop, the Glacier Drop, on August 5, with over 11,000 wallets across eight blockchains claiming more than 250 million tokens. The drop allocates 50% of 24 billion NIGHT tokens to Cardano users and includes subsequent phases for unclaimed tokens. However, Ledger wallet users faced technical issues due to firmware limitations, and Cardano’s $71M network upgrade has not boosted ADA’s price, which remains around $0.72.

Terms & Concepts
  • Glacier Drop: The branded airdrop phase of Midnight Network for distributing NIGHT tokens across multiple blockchains.
  • Ledger wallet: A hardware cryptocurrency wallet by Ledger, noted here for firmware limitations affecting token claim transactions.