Cardano’s free token distribution initiative, the Glacier Drop, has triggered significant user engagement and a notable price increase for its native cryptocurrency ADA. Over 35,602 claims for the NIGHT token were recorded, signaling a substantial influx of new participants to the ecosystem.
The surge in activity correlates with a 4% price rise for ADA within 24 hours, underscoring market enthusiasm driven by the event. Cardano currently dominates the token distribution across participating blockchains, accounting for 63% of all NIGHT tokens allocated to users.
Participants have claimed 739,516,626.95 NIGHT tokens to date, equivalent to 3.08% of the token’s total supply. This community-centric airdrop demonstrates the effectiveness of organic token distribution strategies in boosting blockchain adoption.
The event’s success highlights Cardano’s ability to attract users through accessible engagement mechanisms while concurrently strengthening ecosystem value.