The crypto group is ready for the itemizing of the Doodles airdrop’s DOOD token tomorrow. Pre-registrations for the airdrop finish at the moment at 4 p.m. ET, which has additionally brought on a spike in Doodles NFT gross sales. The token will begin with a provide of 10B DOOD on the Solana blockchain. Main exchanges have already indicated they are going to checklist 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. Based on their tokenomics data, 68% of the full provide will probably be allotted to the group.
Pre-registration for the airdrop closes at the moment at 4 pm ET, with a particular give attention to rewarding long-term supporters. The crew famous that “OGs and holders of different Doodles collectibles can nonetheless pre-register to obtain their allocation through 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 probably be allotted to the group.
full breakdown under ↓ pic.twitter.com/uZIJwBdtKW
— doodles (@doodles) February 13, 2025
The DOOD token distribution chart exhibits 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 unlimited spike within the buying and selling of Doodles NFTs. The sequence generated $2.6 million in gross sales over the last week, which is up by 368% in comparison with final week, CryptoSlam data exhibits. This places Doodles at place 5 among the many prime buying and selling NFT collections for the week, with gross sales growing by 60% within the final 24 hours alone.
How might the token value react after launch?
We are able to take a look at related token launches to grasp 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 significant value motion on its launch day. The token surged to an all-time excessive of $0.05738 inside hours of buying and selling.
A number of components might affect DOOD token value trajectory. The Doodles airdrop is without doubt one of the hottest airdrops in current occasions. First, main cryptocurrency exchanges together with Binance, KuCoin, OKX, and Bybit have already introduced plans to checklist DOOD. This normally provides on the spot liquidity and value discovery. This mixture change assist can provide extra preliminary buying and selling quantity than tokens with much less out there listings.
Imbalances in provide additional point out that higher costs for DOOD might exist. DOOD has a ten billion-token provide, lower than PENGU’s provide of 88.88 billion tokens. Much less provide could also be translated into the next launch value than PENGU’s value, assuming equivalent market demand.
The buying and selling quantity of Doodles NFT grew by 60% inside 24 hours and is now the fifth-largest NFT challenge with a weekly buying and selling quantity of $2.6 million. That’s quite a lot of curiosity previous to its launch. The pattern and the robust model of the challenge inside the NFT market present a excessive demand for the token.
However as with every token launch, how people understand the market, the overall temper on the cryptocurrency market, and promoting by recipients of airdrops will decide DOOD’s value motion throughout its first a number of hours of buying and selling. Nonetheless, 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.
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