In a remarkable display of market enthusiasm, Doodles’ non-fungible token (NFT) sales surged by 97% in just 24 hours, driven by anticipation surrounding the project’s upcoming token generation event and airdrop. As of May 8, data from CryptoSlam revealed that Doodles NFT sales surpassed $1.1 million, nearly doubling the previous day’s figures and securing the third position in daily NFT sales, trailing only DMarket and Courtyard NFTs.
The momentum is not a fleeting phenomenon; over the past week, Doodles recorded an impressive total sales volume of $2.6 million, reflecting a staggering 368% increase from the week prior, and securing its rank as the fifth-largest NFT collection, according to CryptoSlam.
This surge in sales comes just ahead of the highly anticipated launch of Doodles’ DOOD token, set to take place on May 9. Announced on February 13, the project plans to mint 10 billion DOOD tokens on the Solana blockchain, with future plans to bridge to the Base blockchain. Notably, 68% of the tokens are earmarked for community members, with allocations spread across the Doodles community, the New Blood community, and an ecosystem fund.
Holders of Doodles NFTs are poised to benefit, as they are eligible to pre-register for an airdrop allocation of the DOOD tokens. Major exchanges, including Binance and Bybit, have confirmed plans to list the token following its minting.
As Doodles experiences this surge, the broader NFT market also reflects positive momentum, reaching over $103 million in weekly sales, marking a 7% increase from the previous week. This convergence of activity highlights the growing intersection of art, community, and finance in the digital realm, signaling a promising future for NFT projects and their ecosystems.
