Midnight Network Announces NIGHT Token Airdrop Across Multiple Ecosystems – Coincu

On June 24, 2023, Midnight Network launched the “Glacier Airdrop” of its NIGHT tokens targeting eight major blockchains. The release aims to enhance privacy control through scalable modular architecture, according to Fahmi Syed, President of the Midnight Foundation. Charles Hoskinson confirmed that holders of assets on key networks, including Bitcoin and Ethereum, are eligible.

Key Developments, Impact, and Reactions

Midnight Network’s strategic release of the NIGHT tokens is set to roll out in three phases, enhancing private data management for developers through its blockchain. Syed emphasized the facilitation of “rational privacy,” enabling granular data control on-chain. As Fahmi Syed stated, “The approach reflects the network’s broader vision of rational privacy, giving developers granular control over what data is shared on-chain.” The Glacier Drop phases will distribute 24 billion NIGHT tokens to qualified wallets across Bitcoin, Ethereum, and other prominent blockchains in a controlled and strategic manner.

Glacier’s multichain approach

Glacier’s multichain approach is expected to drive increased activity and engagement on the Midnight Network once tokens become tradeable. The release strategy avoids oversupply by distributing tokens in randomized installments over 360 days, reducing market volatility risks and fostering network growth.

Charles Hoskinson’s announcement that 37 million wallets qualify for the airdrop signals broad market interest and ecosystem participation.

With validation from such an industry figure, the airdrop is positioned as a significant event, potentially influencing market behaviors across the eligible networks.

Glacier Drop’s Phased Rollout and Privacy Innovations

Did you know? The Midnight Glacier Drop’s expansive eligibility incorporates a multichain snapshot, contrasting previous airdrops by providing tailored anti-Sybil protections—a novel step in blockchain distribution practices.

As of June 24, 2025, CoinMarketCap notes Midnight Evergreen (NIGHT) remains at an early stage with no current market capitalization. Trading volume in the past 24 hours was $48,354.56, marking a 55.58% change. Price changes in the past 30 days indicate a 36.68% drop, while the maximum supply is capped at three billion tokens.

Coincu research posits the Midnight project could influence future multichain initiatives through its innovative airdrop mechanism. The phased rollout and secure data-handling promise novel privacy standards while aligning with evolving technological imperatives in the blockchain sector.