The Ethereum blue-chip NFT project Doodles has officially announced its token launch, joining other major projects like Fat Penguin and Azuki in expanding into the crypto token space. Ranked as the 6th largest NFT project by market cap on Ethereum, Doodles is renowned for its animations, short films, and collaborations with brands such as McDonald's.
In a significant move, Doodles revealed early on the 14th that it will issue its token, $DOOD, on the Solana blockchain. This decision makes Doodles another Ethereum-native project to choose Solana as its token issuance platform, following in the footsteps of Fat Penguin. The team also hinted at future plans to bridge the token to Ethereum’s Layer 2 network, Base.
The Solana community has warmly welcomed this announcement, with the official Solana account posting a supportive GIF. Phantom, a leading Solana ecosystem wallet, also extended a greeting, saying, "Welcome to Solana."
Tokenomics of $DOOD
According to the official announcement, $DOOD will have a total supply of 10 billion tokens, with 68% allocated to the community. The distribution breakdown is as follows:
- Doodles Community: 30%
- New Blood: 13% (exact definition pending)
- Ecosystem Fund: 25%
- Team: 17%
- Liquidity: 10%
- Company: 5%
While the exact airdrop distribution details and token launch date remain undisclosed, further updates are expected soon.
Doodles Trading Volume Surges Amid Token Announcement
The token news has significantly boosted Doodles' market activity. Data from NFT Price Floor reveals:
- Total trading volume: ▲ 345.37% to 3,138 ETH (~$8.47M)
- Number of trades: ▲ 307.19% to 680 transactions
- Average price: ▲ 9.38% to 4.61 ETH
At the time of writing, the Doodles floor price stands at 4.44 ETH (~$11,988), reflecting heightened investor interest.
Airdrop Potential for Doodles Holders
If $DOOD** achieves a **fully diluted valuation (FDV)** between **$10B–$20B** at launch, the **30% community allocation** could translate to an airdrop worth **$3B–$6B.
Given there are 9,998 Doodles NFTs, each holder might receive an airdrop valued at:
$30,000–$60,000 per NFT—far exceeding the current floor price.
However, historical trends suggest caution:
- $PENGU (Fat Penguin):** Peaked at **$6B FDV, now ~$800M (▼ 84%+)
- $ANIME (Azuki):** Peaked at **$1.4B FDV, now ~$270M (▼ 85%+)
👉 Explore trending Solana NFT projects
Key Takeaways:
- High airdrop potential for Doodles holders.
- Market volatility post-launch remains uncertain.
- Past token launches show significant price corrections.
FAQ Section
1. When will $DOOD officially launch?
The exact launch date hasn’t been confirmed, but updates will follow soon.
2. How can I qualify for the $DOOD airdrop?
Holding a Doodles NFT is likely the primary criterion, though official rules are pending.
3. Will $DOOD be available on Ethereum later?
Yes, the team plans to bridge the token to Ethereum’s Base Layer 2 in the future.
4. Is buying Doodles NFTs now a guaranteed profit?
No—while the airdrop potential is high, token prices may fluctuate post-launch.
👉 Learn more about Solana token launches
5. What’s the best wallet for Solana tokens like $DOOD?
Phantom Wallet is the top choice for Solana-based assets.
6. How does $DOOD compare to other NFT project tokens?
Early projections suggest strong potential, but market performance will depend on adoption and trading activity.
Final Thoughts
Doodles’ move to Solana marks a pivotal moment for Ethereum-native NFT projects expanding into multi-chain ecosystems. While the airdrop opportunity is enticing, investors should weigh historical token performance before making decisions. Stay tuned for official updates on $DOOD’s distribution and launch timeline.