Doodles NFT Project, known for its unique and colorful cartoon characters, recently launched its new crypto token dood. The token was aircraft on Solana Community on 9 May. But soon after the launch, its value in the market fell rapidly.
On 7 May 2025 Binance and bybit listing of Dood Token Announced, whose trading started from 9 May. It has also become a multi-platform rollout with listing on Mexc and Kucoin. This is not just a listing, but a big step towards converting NFT Emblem into token-based ecosystem. Dood’s innovative tokenomics and strong community can make it the future web3 model brand.
Dood Token’s market value declined drastically
According to Dex SCREENER, Dood Token’s market cap was initially more than $ 100 million, but on 9 May it fell to about $ 60 million. That is, about 40% decline was seen in just one day. Many crypto analysts and traders described this aircraft as “quite disappointing”. On the social media platform X (first Twitter), users said that it was not as effective as it was expected.
Doodles NFT prices also decline a big fall
Not only tokens, but the prices of Doodles’s NFT collection also saw a big fall. On 9 May, the floor price of the Doodles fell from 3.5 Eth to just 1.5 Eth, ie about 60% drop. According to Opensea’s data, the total value of Doodles NFT is now about $ 31 million.
Why is such a decline after the aircraft?
NFT and token prices often fall immediately after the aircraft. The reason for this is that the holders who get free tokens sell them to earn early profits. This time the same thing happened on 8 May, the sale of Doodles NFT increased by nearly 97% on 8 May. According to Cryptoslam data, last week Doodles recorded a NFT trade volume of about $ 2.6 million, which was 350% higher than the previous period.
Doodles plan and launch on Solana Network
Doodles Challenge announced its token launch in February 2025. His plan is to mint a total of 10 billion dood token and later bridges them on the Etreum Layer-2 network Bottom. Doodles are not the first Ethereum-Based Totally NFT project that has chosen Solana Community. Earlier, Pudgy Penguins Challenge also launched its token on Pengu Solana, whose value fell 50% on the day of the aircraft. But currently Pengu coin value got big boom Is.
What can be the future?
The decline after the launch of the token launch of the doodles shows that NFT tasks require strong planning and market management before entering the token economy. Although the initial reactions of the airDrop may have been negative, but if the Doodles can re -engage their community and strengthen the utility of the token, then there is a possibility of recovery.
Conclusion
Doodles’s Dood Tokeen Starting, NFT had a major step towards the Economy, but the initial figures proved that only the aircraft did not get permanent success. This will require strong roadmap and user-based value.
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