Doodles NFT Sales Nearly Double in 24 Hours
Doodles NFT sales rose by 97% over a period of 24 hours, with trading volume totaling over $1.1 million, as of May 8 data from analytics platform CryptoSlam. The overnight surge placed the Ethereum-based collection at number three among best-selling NFT projects for the day, behind DMarket and Courtyard.
This trading volume surge accompanies increased hype around the project’s impending DOOD token creation event and ensuing airdrop. Over the past week alone, Doodles recorded $2.6 million worth of sales volume—a 368% increase from the previous week. That growth also propelled Doodles to the top five among all NFT collections for weekly sales.
The Doodles project, now synonymous with vibrant and cheerful profile picture NFTs, has been a fixture in NFT land for years. It appears, however, that the most recent news relating to tokenomics and cross-chain development has reignited the enthusiasm of collectors and speculators alike.
DOOD Token Airdrop Scheduled for May 9
On May 7th, the Doodles team officially announced that the token genesis event for its DOOD token would take place on May 9th. Teased in February, the DOOD token will be released on the Solana blockchain with a total token supply of 10 billion tokens. Doodles also plans to bridge the token to the Base blockchain in the future timeline, expanding its presence in major ecosystems.
The community-first prioritized the group in its tokenomics. Of the total supply of DOOD:
- 68% is reserved for the community, including:
- 30% to Doodles NFT holders
- 13% to the members of New Blood community
- 25% to the ecosystem fund to power future projects
- 17% will go to core team members
- 5% is reserved for the company
- 10% will serve as liquidity to power listings and trades
Notably, allocations to company and team are both gated by one-year cliff and three-year vesting to maintain long-term alignment.
Holders of the Doodle NFT may pre-register for the token airdrop and will receive allocations based on wallet holdings. Existing centralized exchanges like Binance and Bybit have already announced plans to list the DOOD token at its mint on May 9, lending legitimacy and liquidity potential to the memecoin launch.
NFT Market Sees Broader Momentum
The boom in Doodles activity follows broader increases in the NFT market. Combined weekly NFT sales volume topped over $103 million—a 7% gain over last week, CryptoSlam reports.
Most Ethereum collections remain to lead the platform with $26.5 million in sales. Polygon then trailed at $19.1 million, led specifically by Courtyard’s real-world asset NFTs which accumulated over $17 million in sales volume alone and led the weekly collection list.
In the meantime, other chains like Mythos Chain and Bitcoin witnessed higher traction with $16 million and $12 million worth of sales respectively. The diversification of blockchain ecosystems reflects greater demand for NFTs in sectors—gaming and art to real assets and now, memecoins.
The timing of Doodles’ DOOD token airdrop, combined with platform adoption and market support, suggests growing investor appetite for web3 community-led projects. Whether or not the DOOD memecoin can deliver long-term value remains to be seen—but for now, Doodles is undoubtedly back in the limelight.
