The crypto group is ready for the itemizing of the Doodles airdrop’s DOOD token tomorrow. Pre-registrations for the airdrop finish right this moment at 4 p.m. ET, which has additionally triggered a spike in Doodles NFT gross sales. The token will begin with a provide of 10B DOOD on the Solana blockchain. Major exchanges have already indicated they’ll record the token.
Doodles airdrop particulars
The Doodles crew introduced the DOOD token on February 13. The token plans for a future bridge to the Base community. According to their tokenomics data, 68% of the entire provide will likely be allotted to the group.
Pre-registration for the airdrop closes right this moment at 4 pm ET, with a particular concentrate on rewarding long-term supporters. The crew famous that “OGs and holders of other Doodles collectibles can still pre-register to receive their allocation via airdrop” via their devoted registration portal.
$DOOD will launch with a provide of 10,000,000,000 on Solana, with a future bridge to Base.
68% will likely be allotted to the group.
full breakdown under ↓ pic.twitter.com/uZIJwBdtKW
— doodles (@doodles) February 13, 2025
The DOOD token distribution chart reveals an in depth breakdown of the allocation. 30% will go on to the Doodles group, 25% to an ecosystem fund, 17% to the crew (with a 1-year cliff and 3-year vesting schedule), 13% to “New Blood,” 10% for liquidity provision, and 5% to the corporate.
The information has led to an infinite spike within the buying and selling of Doodles NFTs. The collection generated $2.6 million in gross sales over the last week, which is up by 368% in comparison with final week, CryptoSlam data reveals. This places Doodles at place 5 among the many high buying and selling NFT collections for the week, with gross sales rising by 60% within the final 24 hours alone.
How might the token worth react after launch?
We can take a look at comparable token launches to know how DOOD may carry out after tomorrow’s debut. A very related comparability is PENGU, one other NFT project-associated token that launched on December 17, 2024. PENGU skilled a serious worth motion on its launch day. The token surged to an all-time excessive of $0.05738 inside hours of buying and selling.
Several elements might affect DOOD token worth trajectory. The Doodles airdrop is likely one of the hottest airdrops in latest occasions. First, main cryptocurrency exchanges together with Binance, KuCoin, OKX, and Bybit have already introduced plans to record DOOD. This normally provides instantaneous liquidity and worth discovery. This mixture change help can supply extra preliminary buying and selling quantity than tokens with much less accessible listings.
Imbalances in provide additional point out that higher costs for DOOD could exist. DOOD has a ten billion-token provide, lower than PENGU’s provide of 88.88 billion tokens. Less provide could also be translated into the next launch worth than PENGU’s worth, assuming similar market demand.
The buying and selling quantity of Doodles NFT grew by 60% inside 24 hours and is now the fifth-largest NFT undertaking with a weekly buying and selling quantity of $2.6 million. That is loads of curiosity previous to its launch. The development and the sturdy model of the undertaking inside the NFT market present a excessive demand for the token.
But as with all token launch, how people understand the market, the overall temper on the cryptocurrency market, and promoting by recipients of airdrops will decide DOOD’s worth motion throughout its first a number of hours of buying and selling. However, the DOOD token is launching at a time when the Bitcoin price is rallying.
The rally follows Fed Chair Jerome Powell’s announcement to maintain the interest rates unchanged this time following the assembly.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with practically 7 years of expertise within the cryptocurrency business. He has contributed to quite a few publications, together with WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
Disclaimer: The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty to your private monetary loss.
