What happened?
XRP holders are set to receive NIGHT tokens from the upcoming Glacier airdrop by Midnight Blockchain. The eligibility for this airdrop was determined through a snapshot taken on June 11, and it will distribute a total of 1.2 billion NIGHT tokens, primarily to XRP investors. Cardano’s founder has confirmed this airdrop, aiming to fuel a bullish XRP price prediction.
Who does this affect?
This airdrop mainly affects XRP holders with balances above $100, who will receive NIGHT tokens as part of the distribution. Additionally, holders of other major cryptocurrencies like ADA, BTC, ETH, AVAX, BNB, and BAT will also be impacted by the airdrop, receiving a portion of the total NIGHT token supply. Investors in these tokens should pay attention to this event as it relates to their potential holdings and possible futures market activity.
Why does this matter?
The upcoming NIGHT token airdrop could have significant market implications by potentially driving interest and investment in XRP and other involved cryptocurrencies. The airdrop might lead to increased trading activity and volatility in these coins as traders position themselves for post-airdrop market movements. Overall, the distribution of new tokens within established crypto communities often stirs sentiment, which can impact prices positively if perceived optimistically by the market.