Doodles NFT Sales Skyrocket 97% in Anticipation of DOOD Token Airdrop

Doodles’ non-fungible token (NFTs) transactions soared by 97% in the previous 24 hours as digital collectible enthusiasts anticipate the initiative’s token generation event and airdrop.

On May 8, information from CryptoSlam indicated Doodles NFT transactions exceeding $1.1 million, nearly doubling the total from the prior day. This increase positioned Doodles in the third rank for daily NFT transactions, behind DMarket and Courtyard NFTs.

During the past week, Doodles recorded a total sales volume of $2.6 million, marking a 368% rise from the previous week and ranking fifth among all NFT collections, as per CryptoSlam.

The increase comes in anticipation of the rollout of Doodles’ highly awaited DOOD token. The initiative announced on May 7 that the token generation event is set for May 9.

Doodles to unveil DOOD token and airdrop

Doodles declared its memecoin launch on Feb. 13, stating it would create 10 billion DOOD tokens on Solana. The project also noted plans to transition to the Base blockchain in the future.

As per the team, 68% of the tokens will be designated for community members: 30% for the Doodles community, 13% for the New Blood community, and 25% for its ecosystem fund.

Team members will be allocated 17% of the tokens, while the company will receive 5% of the total token supply. Doodles indicated these allocations are subject to a one-year cliff unlock period and a three-year vesting term. The remaining 10% of the token supply is intended for the project’s liquidity.

Owners of Doodles NFTs are eligible to pre-register and receive an airdrop allocation of the tokens. Exchanges such as Binance and Bybit have announced their plans to list this token on their trading platforms post the minting on May 9.

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NFT market reaches $103 million in weekly sales

As Doodles and other leading collections experienced a boost in activity, the overall NFT market volume surpassed $103 million in the last seven days, reflecting a 7% growth from the prior week, according to CryptoSlam.

Ethereum-based NFTs continue to lead the market with $26.5 million in sales over the last week. Polygon NFTs secured the second position with $19.1 million in sales, propelled by the real-world asset NFT platform Courtyard, which achieved over $17 million in sales, positioning it as the top NFT collection for the week.

Mythos Chain and Bitcoin-based NFTs also had commendable performances for the week, with $16 million and $12 million in sales, respectively.