Cardano Creator Refutes Claims of Midnight Token Accumulation

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 21 2025

Token Hoarding Claims Denied: Charles Hoskinson, founder of Cardano, refuted allegations of hoarding Midnight tokens during the Glacier airdrop, emphasizing a retail-focused distribution strategy with no insider or VC allocations.
Investor Interest: Over 1.3 billion Midnight tokens have been claimed, indicating strong interest from retail investors, particularly among ETH and BTC holders.
Market Response: Following the announcement, ADA's price increased by over 15%, reflecting positive market sentiment and heightened on-chain activity.
Exclusion of Insiders: The project’s deliberate exclusion of institutional partners distinguishes it from typical airdrops, potentially signaling a shift in blockchain governance models while avoiding regulatory scrutiny for now.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Cardano Creator Refutes Claims of Midnight Token Accumulation

About the author

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