Cardano is back in the spotlight as excitement ripples through the ecosystem, fueled by the launch of Midnight Network’s NIGHT token airdrop — a move that’s being hailed as one of the most expansive and strategic distributions in crypto history.
Dubbed the “Glacier Drop,” the NIGHT token airdrop officially went live on August 5, targeting an unprecedented 30 million wallets across eight major blockchains, including Ethereum, Bitcoin, and Solana. Yet, Cardano emerged as the biggest beneficiary: 50% of the total NIGHT supply was reserved exclusively for ADA holders, making it clear that the network is prioritizing loyalty and rewarding its core community.
Within just days, over 23,000 users redeemed more than 470 million NIGHT tokens — showcasing not just excitement, but real adoption. Despite a few hiccups involving Ledger wallet signatures and address mismatches, the overall process has been widely praised for its user-friendly interface and smooth execution.
But this isn’t just about tokens — it’s about timing. As Midnight’s privacy-focused sidechain garners attention, ADA’s price action is flashing bullish signals. After months of consolidation, ADA has broken out of a long-standing descending triangle, completing a textbook retest at the $0.72 support level. Holding this line strengthens the case for a structural uptrend.
Currently, ADA is eyeing resistance between $0.74 and $0.76. A decisive break above this range could push price action toward the critical $0.84 zone — a level that many traders view as the next major breakout target.
With fundamentals strengthening, user activity surging, and technical charts aligning, Cardano appears poised for a significant leg higher. The NIGHT airdrop may have lit the spark, but the ecosystem’s maturing infrastructure and strategic positioning could fuel the fire.
