Cardano Founder Charles Hoskinson Highlights XRP for Midnight Privacy Project

The XRP Ledger and its holders have faced mixed sentiments in the crypto market. However, recent developments suggest a shift in perception, particularly with regulatory clarity and support from notable figures like President Donald Trump.

In an effort to draw attention to a major Cardano initiative, Cardano founder Charles Hoskinson mentioned the XRP project, emphasizing its relevance to Cardano’s upcoming privacy protocol, Midnight.

On March 2, Hoskinson aimed to spotlight Midnight by announcing that XRP holders would be beneficiaries of the project’s “glacier drop.”

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The glacier drop is an initiative associated with Midnight, aimed at incentivizing the adoption of the privacy protocol across prominent blockchains. The project plans to airdrop its token to 37 million wallets across eight key blockchains, which include Avalanche, BAT, Bitcoin, BNB, Cardano, Ethereum, Solana, and the XRP Ledger.

As of now, the launch date for Midnight and the distribution of these tokens remains uncertain. Hoskinson’s announcement comes amid Trump’s expressed interest in including XRP in a proposed U.S. national crypto reserve.

In posts on Truth Social, Trump indicated a desire for the strategic crypto reserve to encompass BTC, ETH, ADA, SOL, and XRP, leading to significant price increases for these assets.

ADA, the native token of Cardano, saw a surge of over 50%, trading above the $1 mark, while XRP experienced a rise of over 15%, trading above $2.60.