One Cardano Wallet Holds 7.3 Billion NIGHT Tokens — That’s 31% of the Entire Supply
Jakarta, Pintu News – Ahead of the imminent Midnight airdrop token redemption event on the Cardano (ADA) network, on-chain data shows how the NIGHT token distribution is spread across various wallets at the moment.
The exchange event known as Glacier Drop is fast approaching, and the Cardano ecosystem is preparing seriously for the moment. Team Midnight itself has been minting NIGHT tokens, and records on the blockchain now reveal how they have been distributed so far.
Midnight (NIGHT) Token Distribution
According to data from AdaStat, the total circulating supply for NIGHT tokens currently stands at 24 billion tokens. The initial minting was done by the Midnight team on October 14 in the 12,517,624th block, and the last minting was done on November 25 in the 12,696,233th block.
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According to information from AdaStat, all 24 billion NIGHT tokens are currently held in just 26 wallets. Among these wallets, one specific address, namely “addr1w9”, holds a total of 7.39 billion NIGHT – equivalent to about 31% of the total supply.
Interestingly, Cardano’s SPO (Stake Pool Operator) and DRep called Stake with Pride revealed through social media posts that this wallet is most likely Midnight’s reserve address prepared for the distribution of staking rewards.
On-chain data also shows that another address, “addr1wx”, holds approximately 4.5 billion NIGHT, or about 19% of the total supply. According to Stake with Pride‘s explanation, this wallet likely contains NIGHT tokens that will be distributed to Glacier Drop participants and also to those who take part in the Scavenger Hunt follow-up event.
This was also reinforced by an official statement from Midnight Foundation CEO, Fahmi Syed, who mentioned in a post on the site that more than 3.5 billion NIGHT tokens had been successfully claimed by users during the Glacier Drop, supporting the claims made by Stake with Pride.
NIGHT Token Movement on the Cardano Network
Overall, 12 wallets hold 99.99% of the total NIGHT token supply, with the two aforementioned wallets holding 50% of the total tokens. Meanwhile, the remaining 0.01% is spread across 14 other wallets, bringing the total number of wallets currently holding NIGHT tokens to 26.
The Midnight team has made 25 transactions to date, most of which were made in the last two days. On-chain data shows a gradual movement of NIGHT tokens to new addresses in preparation for the imminent claiming event.
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Official Launch Date and Upcoming Agenda
Midnight has confirmed that the redemption event for Glacier Drop and Scavenger Hunt participants will take place on December 8. On the same date, the NIGHT token will officially launch and begin trading on exchanges.
Participants will only receive 25% of their total allocation at the initial stage. The distribution is designed to be phased in four phases (thaws) over 12 months, where each phase will provide 25% of the total allocation.
Once this phase is complete, a follow-up program called “Lost-and-Found” will be opened, providing an opportunity for users who have not participated in Glacier Drop to claim their tokens. However, this time they can only get a fraction of the initial allocation.
FAQ
What is the total supply of NIGHT tokens?
The total supply of NIGHT tokens is 24 billion tokens.
When is the NIGHT token redemption event scheduled?
The NIGHT token redemption event is scheduled for December 8th.
What percentage of NIGHT tokens are held by the top wallets?
The top wallet on Cardano holds about 31% of NIGHT’s total token supply, which is about 7.39 billion tokens.
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Reference:
- The Crypto Basic. Cardano Top Midnight Wallet Holds 7.3B NIGHT Tokens, 31% of Supply. Accessed on December 5, 2025