š„ Cardano price surges as Midnightās NIGHT token airdrop goes live
Cardano is gaining serious traction again, thanks to the much-anticipated NIGHT token airdrop by the Midnight Network.
Touted as one of the most ambitious airdrops in the crypto space, this event has reignited bullish momentum across the Cardano ecosystem. With solid fundamentals, a bullish technical setup, and rising community interest, ADA looks ready for a major move.
šø NIGHT airdrop fuels ecosystem buzz
Midnight Network ā Cardanoās privacy-focused sidechain ā officially kicked off the NIGHT token āGlacier Dropā on August 5. The airdrop spans 30 million wallets across top chains like Ethereum, Bitcoin, and Solana.
But Cardano wallets stole the spotlight, securing 50% of the total allocation ā a bold move rewarding ADA holders and reinforcing Cardanoās influence.
In just a few days, over 23,000 redemptions were completed, totaling more than 470 million NIGHT tokens ā a clear sign of strong user engagement.
Although a few users reported issues with Ledger wallet signatures and destination addresses, the overall process was smooth and well-received.
šø ADA breaks out of descending triangle
While the NIGHT drop grabbed headlines, ADA's chart has quietly turned bullish. Price action shows a confirmed breakout from a long-standing descending triangle, followed by a solid retest at $0.72 ā now acting as key support.
Currently, ADA is pressing against resistance between $0.74 and $0.76. A clean breakout here could pave the way for a move toward $0.84 ā a major bullish trigger.
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#ADA #MidnightNetwork #Crypto #NIGHT #Bullrun2025