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Cryptocurrency News Articles

Charles Hoskinson Reacts to Speculations That Cardano Native Token Holders Are Not Eligible for the Midnight Drop

May 17, 2025 at 06:07 pm

The Cardano founder responded to a tweet suggesting that holders of tokens native to the Cardano ecosystem would not receive the highly anticipated drop.

Charles Hoskinson Reacts to Speculations That Cardano Native Token Holders Are Not Eligible for the Midnight Drop

Recent speculations that Cardano native token holders are not eligible for the Midnight drop have drawn a reaction from Charles Hoskinson.

The Cardano founder responded to a tweet suggesting that holders of tokens native to the Cardano ecosystem would not receive the highly anticipated drop. He quoted the tweet and responded with a video of himself sighing at the rumors.

Midnight Airdrop for All

While he did not explicitly debunk the speculations, his response in the video clearly shows his frustrations.

“I wish people would stop saying this. It's getting a bit ridiculous. It's like they're not listening to anything that's being said.”

He was reacting to a tweet by an X user who said, “Isn't it funny how they keep saying 'join the midnight ecosystem' but never mention any native tokens other than ada. I'm guessing no snek or apex or anything else will be included.”

A core contributor to the SNEK meme coin project, Rami, reacted to this, saying that perhaps those who hold other tokens, aside from ADA, are the ones who participated in building the ecosystem.

“Maybe those who participated in building the ecosystem through mining, baking, voting, contributing to projects, or anything else that benefited the ecosystem, should be included,” he added.

However, the Midnight team has stated that the airdrop will happen in 2025 but has not confirmed exactly when.

Midnight is a data protection and privacy protocol built as a sidechain on Cardano. Hoskinson has teased that the technology will make Cardano a multichain network, allowing interoperability with other chains.

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Other articles published on May 17, 2025