What happens when a major ecosystem upgrade, a historic airdrop, and a long-awaited debut converge on the same day? With Cardano's Midnight listing date finally here, the entire market is watching how the NIGHT token will perform once trading goes live. Today marks a key moment for Cardano, ADA holders, and a large multi-chain community preparing for one of the biggest token drops in blockchain history.
The Cardano Midnight listing begins today at 10:00 AM UTC (3:30 PM IST) across top exchanges including Binance Alpha, Bitpanda, Biture, HTX, Gate.io, MEXC, OKX, Bybit and more. To celebrate the night token listing, Binance Alpha has announced an airdrop where eligible users can claim rewards using Alpha Points once trading opens.

Source: X
The launch is also significant for stakers. With the Cardano's Midnight listing date, participating stake pools will soon distribute $NIGHT on top of regular ADA rewards, increasing long-term network engagement. Charles Hoskinson himself called the launch “bullish,” and the community sentiment clearly reflects that momentum.
The debut date comes with unusually large and highly decentralised tokenomics:
Total Supply: 24 billion
50% allocated to Cardano participants
20% allocated to Bitcoin participants
Remaining supply distributed to other chains based on USD value at snapshot (via CoinMarketCap data)
This wide-scale distribution positions it among the largest multi-chain token events ever, increasing network reach and liquidity from day one.
Cardano ADA has shown a strong reaction to the launch update. After a month of decline, it fell 23.22% from $0.55 to $0.37 and finally saw an upward momentum. Over the last 24 hours, it climbed 0.17%, changing hands at $0.4275, backed by a $15.34B market cap.

Source: CoinMarketCap
The mini-rally has created discussion: will ADA's rebound help NIGHT achieve a strong debut? Difference in supply between the two tokens would add fuel to speculation: Cardano has 44.9B ADA, while NIGHT has 24B coins. Thus, it has a relative scarcity advantage that could attract early buyers.
It is expected that, based on community demand, tokenomics strength, multi-chain exposure, and ADA renewed momentum, Midnight will change hands between $0.35-$0.60 as it makes its debut. If trading volume accelerates through the first week, it could push toward $1.50.
Continuous staking rewards, strong Cardano backing, and Hoskinson's involvement keep it at a place that holds potential for a long-term upside. Some optimistic forecasts even see it moving toward $5 in the future if adoption scales.
As the launch date of Cardano's Midnight unfolds, all eyes will be on how well NIGHT does in its first few hours. Packing strong tokenomics, wide distribution, ADA's price recovery, and guaranteed staking rewards, it comes into the market with real momentum. If the demand can keep up, it might just become Cardano's next breakout ecosystem coin.
Disclaimer: This is for educational and informational purposes only. Always do your own research before investing in any crypto.
Deepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.