- The largest airdrop involves XRP holders receiving NIGHT tokens.
- 1.2 billion NIGHT tokens distributed among eligible wallets.
- Event aims to reduce crypto tribalism, fosters cross-chain interaction.
Charles Hoskinson, Cardano founder, announced XRP holders will partake in history’s largest airdrop through the Glacier Drop, linked to the Midnight network, at Consensus 2025.
This monumental event signifies a pivotal shift in blockchain collaboration, underscoring cross-chain innovation and fostering retail inclusivity, potentially reshaping the crypto landscape and community interaction.
The largest airdrop in cryptocurrency history has been announced, specifically targeting XRP holders. The event, titled “Glacier Drop,” is associated with the Midnight privacy network’s launch by Cardano.
About the Airdrop
The airdrop will distribute 1.2 billion NIGHT tokens, representing 5% of the total supply. Eligible XRP holders, as determined by a June 11, 2025 snapshot, will receive these tokens, according to Cardano’s Charles Hoskinson.
Charles Hoskinson, Founder, Cardano, “The Glacier Drop is the largest airdrop ever attempted, inclusively supporting XRP holders, Bitcoiners, Ethereum holders, and more. No venture capital, no insiders, just retail users. We want to end crypto tribalism with real, cross-chain collaboration.” – source
Market Impact
The airdrop could significantly impact market dynamics, as 37 million retail wallets are affected across multiple blockchains. The inclusion of major chains like XRP Ledger, Cardano, Bitcoin, and Ethereum highlights its broad scope.
Financial implications are substantial, considering retail users across eight major blockchains are eligible. The absence of venture capital and insiders suggests a focus on fostering community trust and participation.
Fostering Cross-Chain Collaboration
Charles Hoskinson emphasizes ending crypto tribalism by fostering cross-chain collaboration. The airdrop is aimed at establishing widespread community engagement within the crypto ecosystem. Expectations include enhanced liquidity and market activity across involved blockchains. Historical data from past airdrops like Uniswap indicate potential significant shifts in asset distribution and adoption patterns. For discussions on market movements, refer to Altcoin Daily.
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