Rumors circulating on X suggested a stalled NIGHT token airdrop, potentially benefiting individuals like Cardano founder Charles Hoskinson. Hoskinson swiftly refuted these claims, citing verifiable data illustrating significant community engagement with the program. Over 69,000 wallets have already claimed over 1.3 billion NIGHT tokens, representing about 5.5% of the total supply, demonstrating robust participation far exceeding the rumors’ projections. The airdrop launched in August, experiencing initial momentum with over 250 million tokens claimed within the first 24 hours. Although growth has since slowed, Hoskinson highlighted the 60-day claim period was designed to be inclusive, leaving many potential participants time to decide on their claim strategy. Analysts also noted that fewer early claims may result in more substantial payouts for later participants, potentially leading to increased activity closer to the deadline. To further solidify credibility, Midnight partnered with Fireblocks, a prominent digital asset security firm, to provide secure custody solutions for NIGHT tokens. This collaboration aims to attract institutional support and expand adoption beyond individual investors. The airdrop’s success or failure could significantly impact Cardano’s ADA token price, potentially leading to ADA reaching $0.75-$0.85 if the airdrop gains momentum, staying in the $0.50-$0.60 range with a steady pace of adoption, or falling back towards $0.40-$0.42 should adoption remain lackluster. Cardano founder Hoskinson remains committed to transparency through data and partnerships as key indicators of progress. The coming weeks will be critical in determining the airdrop’s trajectory, its impact on Cardano, and shaping the market narrative for the remaining quarter of 2025.