"XRP Joins Midnight Airdrop: Cardano's Hoskinson Unveils Surprise for XRP Holders"
1min read Cardano's Hoskinson has sparked excitement in the crypto community by confirming that XRP holders will be included in the upcoming Midnight airdrop. Midnight, a privacy-focused protocol within the Cardano ecosystem, aims to distribute tokens to millions of wallets across multiple blockchains, including the XRP Ledger. This move has drawn attention to both Cardano and XRP, as investors and enthusiasts await further details on the Midnight project.
On March 2, Hoskinson confirmed that XRP holders would receive a share of the Midnight "glacier drop," an initiative designed to encourage the adoption of the new privacy-focused protocol. Midnight aims to provide secure and private smart contracts, enhancing privacy across multiple blockchains. The glacier drop will distribute tokens to 37 million wallets across eight major blockchains, including Avalanche, Bitcoin, BNB, Cardano, Ethereum, Solana, BAT, and XRP Ledger. However, the exact timeline for Midnight's launch and token distribution remains unclear.
Hoskinson's announcement comes as XRP gains more attention, especially after U.S. President Donald Trump confirmed plans to include it in a national crypto reserve. In a post on Truth Social, Trump outlined plans for a reserve holding major U.S.-based digital assets, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and XRP. The market reacted quickly to Trump's statement, with Cardano's ADA jumping over 50% and XRP rising more than 15%.
In another development, Grayscale Investments included Cardano (ADA) in its Smart Contract Fund, alongside Ethereum, Solana, Avalanche, Sui, Near, and Polkadot. This development follows institutional interest in ADA as a long-term investment. Furthermore, the trust has already filed another proposal with the U.S. Securities and Exchange Commission (SEC) for a spot Cardano (ADA) ETF, which would be the first standalone Cardano investment product in the U.S. market if approved.
During conversations about XRP's position in the U.S. crypto reserve, Hoskinson voiced his backing for the initiative. Addressing critiques from certain industry leaders, he labeled XRP's technology as "excellent" and recognized the community's strength amid its prolonged regulatory challenges. Hoskinson stated that XRP is an excellent 