A popular Cardano DRep has issued an important reminder to ADA holders, urging eligible participants to redeem their $NIGHT tokens from the Midnight airdrop before the claim window closes.
In an X post today, Jaromir Tesar highlighted the significant gap between Cardano’s large staking community and the relatively small number of $NIGHT holders currently recorded on the network.
According to Cexplorer data cited by Tesar, Cardano has 1.3 million stakers, while only about 81,763 $NIGHT holders currently appear on the network. This wide disparity suggests that many eligible participants may still have unredeemed $NIGHT allocations.
However, the number of holders recorded by Cexplorer does not necessarily represent the total number of users who have redeemed their tokens. In particular, some recipients may have transferred their $NIGHT tokens to cryptocurrency exchanges after claiming them.
Nonetheless, Tesar’s reminder underscores the importance of checking eligibility and completing the redemption process before the applicable deadline.
Midnight Airdrop Scope
The Midnight airdrop represents one of the largest community-focused token distributions connected to the Cardano ecosystem. The initiative involves 24 billion $NIGHT tokens, with the entire allocation designated for the community.
Midnight distributed eligibility across eight supported blockchain ecosystems, including Cardano, Bitcoin, $XRP Ledger, and Solana. As a result, qualifying holders of native assets on these networks gained an opportunity to participate in the distribution.
Cardano received the largest allocation, accounting for 50% of the total. Bitcoin holders received another 20%, while Ethereum, Solana, $XRP, BNB, Avalanche, and BAT holders collectively received the remaining 30%.
$NIGHT Redemption Window Remains Open for Eligible Cardano Users
Eligible users still have time to redeem their $NIGHT allocations. The program is currently in its third thaw period, which began on June 8, 2026, and will continue until September 5, 2026.
Afterward, the final redemption phase will begin on September 6 and run through December 4, 2026. The distribution process is part of the Glacier Drop.
According to data from the official claim portal, users have claimed 3.5 billion $NIGHT tokens across the eight participating blockchains through the Glacier Drop. That figure represents only about 14% of the total 24 billion $NIGHT allocation.
$NIGHT Faces Continued Bearish Pressure
Meanwhile, $NIGHT continues to face considerable selling pressure in the crypto market. The token has declined 38% over the past 30 days, while it has fallen 4.47% over the past week and another 1.2% over the past 24 hours.
At press time, $NIGHT traded at $0.01719, giving the token a market valuation of about $285.43 million and placing it around the 98th position among the largest cryptocurrencies globally.
