Cardano Founder Teases 'Good Day' Monday Ahead of Midnight Network Launch

Markets 2025-12-08 11:48

Cardano Founder Teases 'Good Day' Monday Ahead of Midnight Network Launch

Charles Hoskinson's cryptic message that Monday "is going to be a good day" has sparked speculation across the Cardano community as ADA trades near local lows.

The Cardano founder's brief post on December 7 generated widespread attention despite offering no specific details.

ADA has remained stuck near $0.41 for weeks without meaningful price momentum.

What Happened

Hoskinson's announcement appears timed with the Midnight Network mainnet launch scheduled for Monday, December 9.

Midnight represents a privacy-focused sidechain that has been in development for several years.

The platform's NIGHT token launched last week, becoming the first Cardano Native Asset.

Major exchanges including Bybit, Gate and OKX confirmed they will list the token on Monday.

Community reactions ranged from memes and jokes to speculation about potential Solana integration.

Read also: First U.S. Spot XRP ETF Falls 20% From Launch Peak Amid Crypto Market Decline

No confirmed upgrade or announcement has been officially set beyond the Midnight mainnet deployment.

The NIGHT airdrop will allow participants from the Glacier airdrop and scavenger mine period to claim tokens.

Why It Matters

The timing carries significance as ADA dropped 70% from its 2025 high of ~$1.32 reached in December 2024.

Last December proved to be one of ADA's strongest months, with the token rallying more than 200% during a period of quiet accumulation.

ADA currently trades around $0.41, having moved below the important support level at ~$0.51.

The token has settled along an ascending trendline connecting the lowest points since June 2023.

Cardano supporters hope Midnight will introduce more developers to the network and boost its total value locked.

However, some analysts question Midnight's benefit to the Cardano ecosystem, noting it will enable users to develop on Midnight rather than Cardano itself.

Hoskinson has outlined ambitious plans for 2026, including the Leios scaling solution and strengthened DeFi infrastructure.

The founder emphasized that Cardano is moving toward becoming "one of the best and fastest crypto projects in the world."

Charts show ADA stabilizing after recent declines, though the direction remains uncertain.

Read next: South Korea to Impose Bank-Level Liability on Crypto Exchanges After $30M Upbit Hack

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This content is for informational purposes only and does not constitute investment advice.

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