Cardano: Top Midnight Wallet Holds 7.3B NIGHT Tokens, 31% of Supply. ADA$ADA
Ahead of the imminent Midnight airdrop redemption event on Cardano, on-chain data shows the current distribution of the NIGHT token across wallets.
The widely awaited Glacier Drop redemption is a few days away, and the Cardano ecosystem is preparing earnestly for it. The Midnight team has already minted these tokens, and on-chain records have revealed their current distribution.
Data from AdaStat shows that the NIGHT token has a circulating supply of 24 billion tokens. Notably, the Midnight team carried out the initial minting on October 14 at block height 12,517,624 and the final mint event at block height 12,696,233 on November 25.
Further details from AdaStat show that 26 wallets currently hold the entire 24 billion NIGHT supply. Of this, a particular address, “addr1w9,” holds 7.39 billion NIGHT, approximately 31% of the asset’s supply.
Notably, Cardano SPO and DRep “Stake with Pride” revealed in a tweet that this particular wallet might be the Midnight reserve address for staking rewards. Furthermore, the on-chain data highlighted that another address, “addr1wx,” holds 4.5 billion NIGHT tokens, accounting for roughly 19% of the supply. The SPO also mentioned that this wallet is likely the one containing the NIGHT, which will be distributed to claimants of the Glacier Drop and participants in the subsequent Scavenger Hunt.
Notably, Midnight Foundation CEO Fahmi Syed confirmed in a website post that users claimed over 3.5 billion NIGHT tokens during the Glacier Drop, providing context for Stake with Pride’s claims. $ADA #CPIWatch #WriteToEarnUpgrade #CryptoRally #ADA #carnado
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