Ahead of Cardano’s impending Midnight airdrop redemption event, on-chain data shows the current distribution of NIGHT tokens across wallets.
The widely anticipated Glacier Drop redemption is just days away. cardano The ecosystem is diligently preparing for it. The Midnight team has already minted these tokens, and on-chain records reveal their current distribution.
Midnight token distribution
According to AdaStat data, the circulating supply of NIGHT tokens is 24 billion tokens. What’s remarkable is what the Midnight team did. initial casting October 14th, block height 12,517,624; last mint event Block height on November 25th: 12,696,233.
Further details from AdaStat show that 26 wallets currently hold the entire supply of N24 billion. Of this, the specific address “addr1w9” contains NIGHT 7.39 billion, which is approximately 31% of the asset’s supply.
Cardano NIGHT token holders
In particular, Cardano SPO and DRep’s “Stake with Pride” was revealed. Tweet This particular wallet could be Midnight’s reserved address for staking rewards.
Furthermore, on-chain, data It highlighted that another address “addr1wx” holds 4.5 billion NIGHT tokens, representing about 19% of the supply. SPO also said this wallet likely contains NIGHT, which will be distributed to Glacier Drop applicants and subsequent scavenger hunt participants.
Specifically, Midnight Foundation CEO Fahmi Syed acknowledged in a post on his website that users claimed over 3.5 billion NIGHT tokens during the Glacier Drop, providing context for Stake with Pride’s claims.
Cardano native NIGHT token on the move
Basically, a total of 12 wallets will hold 99.99% of the NIGHT tokens, and the two aforementioned wallets will hold 50%. The remaining 0.01% supply was distributed to 14 other wallets, bringing the current number of holders to 26.
Notably, the Midnight team has completed 25 transactions so far, most of which occurred in the past two days. The data shows that NIGHT tokens are gradually being moved to new addresses in preparation for an impending billing event.
Official release date and upcoming events
Meanwhile, Midnight has confirmed that the redemption event for Glacier Drop and Scavenger Hunt participants will take place as follows: will be held on December 8th. NIGHT tokens will be officially launched on the same day and will begin trading across exchanges.
The claimant will only receive 25% of the total allocation. The design distributes tokens over four decompression periods over 12 months, with participants receiving 25% in each phase.
After this stage, the Lost and Found phase will begin and eligible users who did not participate in Glacier Drop will be given another opportunity. This time, they will claim only a portion of their original allocation.
