Hoskinson’s Midnight Crypto Airdrop Drops Bombshell: 37M Wallets Get Free Tokens, VCs Left Fuming
Charles Hoskinson just flipped the script—while Wall Street slept, his team airdropped tokens to 37 million wallets in a single night. No VC allocations, no backroom deals—just pure, unfiltered distribution to actual users.
The move cuts out middlemen and puts tokens directly in the hands of retail—a rarity in an industry where ’fair launch’ often means ’pre-mine for insiders.’
One hedge fund manager was overheard complaining about ’undermining market dynamics’—translation: they missed the free money train. Again.
Charles Hoskinson is done with crypto rivalries. Speaking at Consensus 2025, he revealed fresh details about the upcoming Glacier Drop, a massive airdrop tied to Cardano’s privacy-focused sidechain, Midnight. This airdrop targets 37M wallets across 8 blockchains for their native currency, including BTC, ETH, ADA, XRP, SOL, BSC, AVAX, and POL, distributing NIGHT either DUST. Midnight mainnet will launch by the end of 2025.
Cardano founder unveils details on Midnight airdrop
At Consensus 2025 in Toronto, Cardano founder Charles Hoskinson unveiled fresh details about Glacier Drop, the upcoming airdrop for Midnight, Cardano’s privacy-focused sidechain, according to CoinDesk.
Aimed at reducing crypto…
No VCs, Just the People
Unlike most airdrops, this one won’t hand anything to venture capitalists. Hoskinson made it clear that no venture capital firms will be involved. Instead, the entire supply will go to everyday users, who will be free to keep, trade, or ignore the tokens. Midnight’s tokens, both the governance-focused NIGHT and the privacy-focused DUST, will be given to retail users only. This decision is part of what he described as a principled approach, choosing to bypass big investors and give back to the broader crypto community.
Cross-Chain, No Drama
Midnight isn’t just about privacy. It introduces a new economic model that lets developers from different blockchain ecosystems build and interact without needing to convert tokens. Developers can pay network fees in their native tokens like ETH, SOL, or BTC, while validators from any chain can earn rewards by supporting the network. This model is meant to encourage cooperation across ecosystems rather than competition.
Airdrop with a Message
Hoskinson said he turned down VC interest, brushing off their HYPE and quick-money mindset. For him, this drop is about principle, giving tokens to the community, not insiders. Midnight is still in testnet, with mainnet expected later in 2025, but the message is already clear: stop the tribalism, start building together.
“This is the project I’m having the most fun with,” he said. “It’s where I get to be friends with everybody.”
