Doodles NFT Sales Soar 97% Ahead of Upcoming DOOD Token Airdrop
The sales of Doodles’ non-fungible tokens (NFTs) saw a remarkable increase of 97% in the past 24 hours as enthusiasts in the digital collectible space eagerly await the project’s upcoming token generation event and airdrop.
As of May 8, data from CryptoSlam indicated that Doodles NFT sales exceeded $1.1 million, nearly doubling the sales total from the previous day. This surge positioned Doodles as the third highest in daily NFT sales, following DMarket and Courtyard NFTs.
In the past week, Doodles achieved a total sales volume of $2.6 million, marking a 368% increase from the prior week and placing it fifth among all NFT collections, according to CryptoSlam.
This spike in sales precedes the highly anticipated launch of Doodles’ DOOD token. The project announced on May 7 that the token generation event is set for May 9.
Upcoming Launch of DOOD Token and Airdrop
Doodles announced its memecoin initiative on February 13, stating it would mint 10 billion DOOD tokens on the Solana blockchain. The project also mentioned plans to bridge to the Base blockchain in the future.
The team disclosed that 68% of the tokens would be designated for community members: with 30% allocated to the Doodles community, 13% to the New Blood community, and 25% for its ecosystem fund.
Team members are set to receive 17% of the tokens, while the company will account for 5% of the total supply. Doodles clarified that these allocations are subject to a one-year cliff unlock period followed by a three-year vesting period. The remaining 10% of the token supply will be reserved for the project’s liquidity.
Doodles NFT holders are eligible to pre-register for a chance to receive an airdrop allocation of the tokens. Exchanges such as Binance and Bybit have announced their plans to list the token for trading following its minting on May 9.
Related: Mattel to wind down its Hot Wheels Virtual Garage NFTs
NFT Market Reaches $103 Million in Weekly Sales
Ethereum-based NFTs continue to dominate, amassing $26.5 million in sales over the past seven days. Polygon NFTs secured the second position with $19.1 million in sales, largely due to the performance of the real-world asset NFT platform Courtyard, which alone accounted for over $17 million in sales, making it the top NFT collection of the week.
Mythos Chain and Bitcoin-based NFTs also demonstrated strong performance for the week, with sales reaching $16 million and $12 million, respectively.
Magazine: 12 minutes of nail-biting tension when Ethereum’s Pectra fork goes live
Source link
#Doodles #NFT #sales #surge #ahead #DOOD #token #airdrop
