What happened?
The Midnight (NIGHT) airdrop went live, enabling XRP holders to claim up to 1.2 billion free NIGHT tokens based on their XRP balances from a snapshot taken in June. The initiative aims to foster ecosystem cooperation and reward long-term supporters, as confirmed by Cardano founder Charles Hoskinson during Consensus 2025.
Who does this affect?
This directly impacts XRP holders, who now have exclusive access to 5% of the total NIGHT token allocation and have 60 days to claim their NIGHT tokens. Users needed at least $100 worth of XRP during the snapshot to qualify. NIGHT provides governance rights and seeks to drive cross-chain collaboration across major blockchains.
Why does this matter?
The airdrop matters because it can positively influence the XRP price prediction despite the current weak market conditions that have affected the Ripple token. While the XRP has declined 6.93% over the past week, it has shown the strongest year-to-date performance among the top 10 cryptocurrencies with a 392.22% return.