Doodles, a prominent player in the non-fungible token (NFT) space, has recently experienced a remarkable surge in sales, with trading volumes increasing by 97% within the past 24 hours. This surge signifies growing excitement among digital collectible traders as they anticipate the project’s upcoming token generation event and airdrop.
According to data from CryptoSlam, Doodles NFT sales exceeded $1.1 million on May 8, nearly doubling the volume from the previous day. This impressive growth has positioned Doodles in the third spot for daily NFT sales, trailing behind DMarket and Courtyard NFTs.
Over the past week, total sales for Doodles reached $2.6 million, reflecting a staggering 368% increase from the prior week, and placing the collection fifth among all NFT offerings, based on CryptoSlam’s metrics.
Doodles to Launch DOOD Token and Airdrop
On February 13, Doodles announced plans for its memecoin launch, which will involve the minting of 10 billion DOOD tokens on the Solana blockchain, with future plans for interoperability with the Base blockchain. The distribution strategy indicates that a significant 68% of the tokens will be allocated to community members, with percentages designated for the Doodles community, the New Blood community, and an ecosystem fund.
The team will receive 17% of the total tokens, while the organization itself will manage 5% of the supply, both of which are subject to a one-year cliff and a three-year vesting period. Additionally, 10% of the token supply is earmarked for liquidity purposes.
Notably, holders of Doodles NFTs have the opportunity to pre-register for the airdrop of the DOOD tokens. Following the minting process on May 9, major exchanges, including Binance and Bybit, have already pledged to list the token on their platforms.
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NFT Market Hits $103 Million in Weekly Sales
The excitement surrounding Doodles is mirrored by a broader surge in the NFT market, which achieved over $103 million in total sales within the last week, marking a 7% increase compared to the previous week, as reported by CryptoSlam. While Ethereum-based NFTs continue to dominate, with $26.5 million in sales, Polygon NFTs have also shown promising growth, amassing $19.1 million driven primarily by the Courtyard platform.
Additionally, the Mythos Chain and NFTs based on Bitcoin exhibited strong performance, each generating approximately $16 million and $12 million in sales, respectively.
