In an exciting move for XRP holders, Charles Hoskinson, the founder of Cardano, has once again highlighted the role of XRP holders in the upcoming distribution of tokens for Cardano’s privacy-focused project, Midnight. This declaration comes amidst a shift in perceptions surrounding the XRP Ledger, largely influenced by growing regulatory clarity and notable backing, including from U.S. President Donald Trump.

On March 2, 2025, Hoskinson emphasized the involvement of XRP holders in the forthcoming “glacier drop,” a significant event for the Midnight project. Midnight, Cardano’s privacy protocol, will be distributing tokens to users across various blockchains, and XRP holders are among those set to benefit. This move is part of a broader initiative to boost adoption and incentivize the use of the Midnight protocol, which aims to enhance privacy in blockchain transactions.

What is the Glacier Drop?

The glacier drop is an airdrop program by Midnight, targeting a broad range of blockchain communities. A total of 37 million wallets from eight major blockchains will be receiving tokens, including wallets from XRP, Cardano, Ethereum, Solana, Bitcoin, Avalanche, Binance Coin (BNB), and the Basic Attention Token (BAT) networks. This wide-ranging distribution seeks to bring more attention and use to Midnight’s privacy features, offering both a strategic marketing initiative and a practical incentive to engage with the protocol.

While the specifics of the airdrop date are still unclear, the inclusion of XRP holders is a notable gesture, especially given the history between XRP and various sectors within the cryptocurrency community. The gesture signals a move towards a more inclusive approach in the industry, bringing previously overlooked communities into new projects that prioritize privacy and security.

XRP’s Growing Recognition

The news of the glacier drop also aligns with recent developments regarding the XRP Ledger. The token has been gaining increasing support from influential figures, including President Trump, who recently confirmed the inclusion of XRP in the U.S. government’s proposed digital asset reserve. This move has been a game changer for the perception of XRP, signaling a brighter future for the project.

XRP’s price has surged significantly, jumping over 15%, with the token now trading above $2.60. Meanwhile, Cardano’s ADA token has also seen substantial growth, rising over 50%, surpassing the $1 mark. This market shift can be attributed to the combined effect of regulatory clarity, growing institutional interest, and the rising prominence of projects like Midnight that bring attention to XRP and other cryptocurrencies.

The Ripple Effect of Trump’s Support

Trump’s endorsement of XRP as part of the U.S. strategic crypto reserve has had a profound effect on its value and adoption. In his social media posts on March 2, Trump named several prominent cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and XRP, as part of his vision for the future of the national reserve. His statement was a significant catalyst in propelling XRP’s price upward, indicating that the digital asset has gained mainstream recognition.

XRP’s inclusion in the strategic reserve has raised interest from both retail and institutional investors, signaling a shift in the market’s perception of the token. This growing acceptance has likely contributed to the momentum behind Midnight’s glacier drop, which is positioning itself as a key player in the evolving landscape of blockchain privacy.

Looking Forward

As the Midnight project prepares for the distribution of tokens to XRP holders, the airdrop represents an important moment for both Cardano and XRP. The ongoing shifts in the market are indicative of the increasing demand for privacy-focused solutions in the blockchain ecosystem. With the backing of influential figures like Hoskinson and Trump, projects like Midnight are poised to gain more traction and fuel further adoption among a diverse range of blockchain communities. For XRP holders, this represents a unique opportunity to benefit from this exciting privacy protocol development.