DOOD Token was launched on Solana on May 9, the NFT Floor Price rose from 0.95 ETH to 1.018 ETH, and the DOOD Token pulled back from a high of $0.01314 to $0.004.
Background and Launch Time of DOOD
On May 9, 2025, Doodles officially launched the DOOD Token, deployed on the Solana network, and received support from multiple centralized exchanges. This issuance of the coin marks Doodles’ official transition from a “single NFT project” to a “Web3 diversified platform.”
This coin issuance is accompanied by on-chain airdrops, cross-chain bridge support, and community lottery activities, increasing the fairness of token distribution and user participation.
Token price trend data analysis
According to real-time data, DOOD experienced severe fluctuations shortly after its launch:
- Opening high: $0.01314, short-term profit-taking quickly released.
- Subsequent pullback: down to around $0.0020, with a drop of up to 85%.
- Current price: $0.0039～$0.0042, market cap ranking between memecoin and new chain coin.
- Market Cap: Has not yet surpassed the 100 million dollar mark.
This type of trend is also common in the early stages of memecoins, as there is a lack of practical application support, and investors mainly rely on community sentiment and hype.
Doodles NFT Floor Price Comparison Before and After Issuing Coin
The changes in NFT Floor Price are relatively mild:
- Before issuing the coin (early May 2025): Floor Price 0.95–1.00 ETH
- One week after the issue coin: rise to around 1.05 ETH
- Current data (mid-July 2025): stable at 1.017–1.05 ETH
According to the comparison data:
- The NFT Floor Price is steadily rising, with an increase of about 7% to 10%.
- DOOD Token retracement reached 70%, with extreme volatility.
This means that NFT holders are limited in their benefits from issuing coins, while short-term token holders face a higher risk of loss if they buy at a high point.
Investor sentiment response and trend comparison
The NFT market’s confidence in Doodles has not weakened due to the token’s pullback; instead, it has remained strong due to the brand’s ongoing operations and event planning that keeps attention.
The token market reflects the issues of high speculation and immature project economic models, resulting in severe short-term fluctuations.
Strategic Advice: Different Types of Investors Refer to Paths
- Conservative: It is recommended to focus on NFT projects first and wait for the token model to be further refined before getting involved.
- Short-term traders: DOOD’s high volatility can provide short-term opportunities, but position sizing must be strictly controlled.
- Long-term investors: Combine holdings of NFTs and Tokens to capture ecological growth potential.
- Observer: Closely monitor the use cases of DOOD, such as governance voting, game points, community incentives, etc., to see if they are implemented.
Market Observation and Risk Warning
- Note on unlocking plan: DOOD airdrop and founding team allocation still have release space, short-term pressure still exists.
- NFT needs strong catalysts to rise again: such as brand collaborations, IRL offline events, IP licensing, etc.
- The future value of the token depends on the ecological deployment and integration with blockchain games. Currently, it is still in the early stages, and long-term holders should be prepared for patience.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
