DOOD Token Launch Triggers NFT Market Frenzy

Excitement is building ahead of tomorrow’s DOOD token launch, the long-awaited airdrop tied to the popular Doodles NFT brand.

Today marks the final chance for eligible users to register, with the cutoff set for 4 p.m. ET. The buzz has already sparked a surge in Doodles NFT activity, driving weekly sales to $2.6 million and catapulting the collection into the top five by volume.

The token will debut on Solana with a capped supply of 10 billion units and plans to integrate with Base in the future. Major exchanges, including Binance, KuCoin, and OKX, are lining up to list it, ensuring liquidity from the outset.

Doodles revealed the DOOD token back in February, outlining a distribution model that heavily favors the community — 68% of the supply, to be exact. A third of that goes directly to holders, while other chunks are earmarked for an ecosystem fund, team incentives, liquidity, and newcomers labeled “New Blood.”

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Interest around the airdrop has already had a measurable impact, with Doodles NFT trading volume up 368% week-over-week and 60% in the last 24 hours alone. That spike suggests demand for DOOD could be strong out of the gate.

As for price action, all eyes are on how DOOD will perform in comparison to past NFT-linked token launches like PENGU, which saw an explosive rally after hitting markets late last year. With a smaller total supply and broad exchange support, DOOD may benefit from similar tailwinds — especially given the positive market sentiment surrounding Bitcoin and the Fed’s latest decision to hold interest rates steady.

Still, short-term volatility is likely, as traders rush to capitalize on launch momentum and airdrop recipients begin to sell.

Alexander Stefanov