Title: "Blue-chip NFT 'Doodles' Announces Token Launch, Launches on Solana First, Bypassing Ethereum, How High is the $DOOD Token Economy and Airdrop Value?"
Author: DaFi Weaver, BlockTempo
After well-known projects like Pudgy Penguins and Azuki launched their tokens, another Ethereum blue-chip NFT project has announced the launch of its token! Doodles, the 6th largest NFT project by Ethereum market cap, known for its animations, short films, and collaborations with famous brands like McDonald's, announced in the early hours of today (14th) that it will issue the $DOOD token on Solana, becoming another Ethereum project to choose Solana as its token launch platform after Pudgy Penguins.
However, the official also supplemented that it will be bridged to the Ethereum Layer 2 Base in the future.
This news has sparked enthusiastic welcome from the Solana community, with the Solana official account even posting a GIF to express its support, and the mainstream Solana ecosystem wallet Phantom also posting: "Welcome to Solana."
Token Economics
According to the official, the total supply of $DOOD is 10 billion, of which 68% will be allocated to the community. The specific allocation is as follows:
· Doodles community: 30%
· New blood: 13% (not specified)
· Ecosystem fund: 25%
· Team: 17%
· Liquidity: 10%
· Company: 5%
However, the official has not yet detailed the airdrop distribution method and token launch time, and is expected to announce further details later.
Doodles Trading Volume Surges 345%
Affected by this news, Doodles has become the hottest NFT project in the past 24 hours. The NFT Price Floor website shows that Doodles' total trading volume has surged 345.37% to 3,138 ETH (about $8.47 million), and the trading volume has also surged 307.19% to 680 transactions. In addition, the average transaction price has risen 9.38% to 4.61 ETH, indicating a significant increase in market demand for Doodles.
As of the editorial deadline, the Doodles floor price is temporarily reported at 4.44 ETH, worth about $11,988.
Potential Airdrop Value for Doodles Holders?
Assuming that the FDV (fully diluted valuation) of Doodles at the time of launch falls in the range of $1 billion to $2 billion, with 30% being airdropped to the Doodles community, this means the total airdrop value could be between $300 million and $600 million. Considering that the total supply of Doodles is 9,998, each NFT may receive an airdrop value of $30,000 to $60,000, far exceeding the current Doodles floor price.
However, this does not mean that profits are guaranteed. For example, the FDV of $PENGU at the time of launch once exceeded $6 billion, but has now fallen to only about $800 million; $ANIME has also fallen from $1.4 billion to the current $270 million, both of which have fallen by more than 80% from their highs. Therefore, the market performance of DOOD after launch is still full of uncertainty, and buying Doodles now does not necessarily guarantee a profit.
$ANIME has fallen more than 85% from its high
$PENGUE has fallen more than 84% from its high
