Nftnews Today How Could DOOD Token Price React Tomorrow After Launch?

The crypto group is ready for the itemizing of the Doodles airdrop’s DOOD token tomorrow. Pre-registrations for the airdrop finish right now at 4 p.m. ET, which has additionally prompted a spike in Doodles NFT gross sales. The token will begin with a provide of 10B DOOD on the Solana blockchain. Main exchanges have already indicated they are going to record the token.

Doodles airdrop particulars

The Doodles group introduced the DOOD token on February 13. The token plans for a future bridge to the Base community. In response to their tokenomics data, 68% of the overall provide might be allotted to the group.

Pre-registration for the airdrop closes right now at 4 pm ET, with a particular concentrate on rewarding long-term supporters. The group famous that “OGs and holders of different Doodles collectibles can nonetheless pre-register to obtain their allocation through airdrop” by way of their devoted registration portal.

$DOOD will launch with a provide of 10,000,000,000 on Solana, with a future bridge to Base.

68% might be allotted to the group.

full breakdown beneath ↓ pic.twitter.com/uZIJwBdtKW

— doodles (@doodles) February 13, 2025

The DOOD token distribution chart exhibits an in depth breakdown of the allocation. 30% will go on to the Doodles group, 25% to an ecosystem fund, 17% to the group (with a 1-year cliff and 3-year vesting schedule), 13% to “New Blood,” 10% for liquidity provision, and 5% to the corporate.

The information has led to an unlimited spike within the buying and selling of Doodles NFTs. The collection generated $2.6 million in gross sales over the past week, which is up by 368% in comparison with final week, CryptoSlam data exhibits. This places Doodles at place 5 among the many prime buying and selling NFT collections for the week, with gross sales growing by 60% within the final 24 hours alone.

How may the token worth react after launch?

We will take a look at comparable token launches to know how DOOD would possibly carry out after tomorrow’s debut. A very related comparability is PENGU, one other NFT project-associated token that launched on December 17, 2024. PENGU skilled a significant worth motion on its launch day. The token surged to an all-time excessive of $0.05738 inside hours of buying and selling.

A number of components may affect DOOD token worth trajectory. The Doodles airdrop is among the hottest airdrops in current occasions. First, main cryptocurrency exchanges together with Binance, KuCoin, OKX, and Bybit have already introduced plans to record DOOD. This normally provides instantaneous liquidity and worth discovery. This mixture change help can supply extra preliminary buying and selling quantity than tokens with much less accessible listings.

Imbalances in provide additional point out that higher costs for DOOD could exist. DOOD has a ten billion-token provide, lower than PENGU’s provide of 88.88 billion tokens. Much less provide could also be translated into a better launch worth than PENGU’s worth, assuming similar market demand.

The buying and selling quantity of Doodles NFT grew by 60% inside 24 hours and is now the fifth-largest NFT mission with a weekly buying and selling quantity of $2.6 million. That’s quite a lot of curiosity previous to its launch. The development and the sturdy model of the mission inside the NFT market present a excessive demand for the token.

However as with every token launch, how people understand the market, the final temper on the cryptocurrency market, and promoting by recipients of airdrops will decide DOOD’s worth motion throughout its first a number of hours of buying and selling. Nevertheless, the DOOD token is launching at a time when the Bitcoin worth is rallying.

The rally follows Fed Chair Jerome Powell’s announcement to maintain the rates of interest unchanged this time following the assembly.

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Vignesh Karunanidhi

Vignesh Karunanidhi is a seasoned crypto journalist with almost 7 years of expertise within the cryptocurrency business. He has contributed to quite a few publications, together with WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles

Disclaimer: The offered content material could embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.