The news is expected to come during the Rare Evo event, taking place from August 6–10, where the Cardano founder is scheduled to speak.
While the drop was initially expected in July, the official distribution has been pushed to the second half of 2025. Despite the delay, Hoskinson reassured the community that preparations are in full swing, with the snapshot already finalized. Eligible participants include holders of ADA, Bitcoin, Ethereum—and more recently, XRP, which was confirmed to be added just last month.
The NIGHT token, tied to the Midnight protocol, is being positioned as a serious contender in the privacy and smart contract sector. According to Hoskinson, 50% of the entire NIGHT supply will be allocated to ADA holders, marking this as the most generous airdrop in Cardano’s history.
Hoskinson also hinted that NIGHT could launch with a $10 billion valuation, placing it firmly within the top 20 cryptocurrencies by market cap. Based on his projections, that would value each NIGHT token at approximately $0.41, making the airdrop potentially lucrative for long-time Cardano supporters.
As anticipation builds, all eyes are now on Rare Evo, where the exact drop date is expected to be confirmed. If momentum continues, NIGHT could become one of the most talked-about token launches of the year.
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