XRP News Today: Midnight Glacier Airdrop Confirmed XRP Holders to Receive 1.2 Billion NIGHT Tokens

Recent rumors circulating in the cryptocurrency community suggest that holders of XRP may receive free NIGHT tokens. This speculation has sparked interest and confusion among investors, prompting a closer examination of the facts surrounding the Midnight Glacier airdrop event.

The claim circulating on various platforms, including X and Telegram groups, is that XRP holders who held the token during the snapshot period will receive NIGHT tokens for free. This proposition is enticing, as it implies that simply holding XRP could result in additional tokens without any additional investment.

However, the truth is more nuanced. According to the official 45-page whitepaper released by the Midnight team, the airdrop is being distributed across eight different blockchains: Cardano, Bitcoin, Ethereum, Solana, BNB Chain, Avalanche, BAT, and XRP. To qualify for the airdrop, individuals needed to hold at least $100 worth of XRP at the time of the snapshot, which occurred on June 11, 2025. The process of claiming the tokens is straightforward, requiring only a wallet signature and a valid Cardano address. However, the tokens will initially be locked, with 25% unlocking gradually over a year.

The Midnight team's whitepaper provides detailed information on the token supply and distribution plan. Out of the total NIGHT token supply, 50% (12 billion tokens) is allocated to Cardano (ADA) holders. Bitcoin (BTC) holders will receive the next largest share, 20%, which amounts to approximately 4.8 billion NIGHT tokens. The remaining 30% (7.2 billion NIGHT tokens) will be distributed equally among the six other blockchains, including XRP, BAT, ETH, BNB, SOL, and AVAX. This means that XRP holders are eligible to claim around 1.2 billion NIGHT tokens from this pool. The exact share each XRP holder receives will depend on the amount of XRP they held at the time of the snapshot.

The Midnight Glacier airdrop has finalized its snapshot, confirming that holders of XRP, along with other major cryptocurrencies, will receive NIGHT tokens. This airdrop, announced by the Midnight Network, is part of a broader initiative to distribute its governance tokens across eight major blockchains. The snapshot, which captured users' balances at a specific point in time, marks the beginning of a 60-day claim period starting in July. During this period, users holding at least $100 in native tokens will be able to claim their NIGHT token allocations.

The distribution of NIGHT tokens is designed to promote long-term engagement and prevent mass dumping. Participants will receive their tokens in four randomized phases over the course of a year. This phased approach is intended to encourage users to hold onto their tokens rather than selling them immediately, thereby fostering a more stable and engaged community. The airdrop also includes a "Scavenger Mine" phase, which will last for a month and involve redistributing unclaimed tokens to participants who complete computational tasks. Following this, a four-year "Lost-and-Found" phase will begin, allowing claimants to reclaim their allocations upon the mainnet launch. These mechanisms are part of the project's tokenomics, aimed at ensuring a fair and equitable distribution of NIGHT tokens.

The airdrop has generated significant interest among investors, particularly those holding XRP and other eligible tokens. The announcement has also sparked discussions about the potential impact on the broader cryptocurrency market. While the airdrop is expected to benefit holders of the eligible tokens, it remains to be seen how the distribution will affect the market dynamics and the value of the tokens involved. The phased distribution and additional phases like the "Scavenger Mine" and "Lost-and-Found" are innovative approaches that could set a new standard for future airdrops and token distributions.