- Doodles NFT sales surged 97% in 24 hours, driven by anticipation of the upcoming DOOD token launch on Solana.
- NFT market volume rebounded to $103 million weekly, with Ethereum and Polygon leading blockchain-based sales.
- DOOD token’s 10 billion supply will prioritize community, with 68% allocated to holders, new users, and ecosystem initiatives.
Doodles, a 2021-launched NFT collection of 10,000 unique cartoon characters—famed for traits like the iconic Rainbow Puke—saw sales surge 97% in 24 hours, pushing its daily volume to $1.1 million on May 8, according to CryptoSlam. This boost pushed Doodles to third place in daily NFT sales rankings following DMarket and Courtyard.
Over the past seven days, Doodles saw total sales of $2.6 million, marking a 368% week-over-week increase. These developments have positioned Doodles as one of the top-performing NFT collections of the week. The sudden spike comes as collectors and crypto traders prepare for the long-awaited launch of Doodles’ native token, DOOD scheduled for May 9.
10 billion DOOD tokens Set to Launch on Solana
Amid growing anticipation, the DOOD token is set to launch on Solana, where Doodles first unveiled its memecoin plans in February, announcing a 10 billion token supply.
According to project disclosures, 68% of the supply will be allocated to community-focused initiatives, with the remaining portion split between the team, company, and liquidity allocations. Here’s how the token supply breaks down:
- 30% goes to Doodles community
- 13% for the New Blood community
- 25% earmarked for the project’s ecosystem fund
- 17% to core team members
- 5% to the company
- 10% set aside for project’s liquidity
For long-term sustainability team & company allocations come with a one year lock up and three year vesting period. Big exchanges such as Binance and Bybit have already announced their intentions to list the token, once it is released.
NFT Market Strong Comeback, $103 Million in Weekly Volume
Doodles aren’t the only ones riding the wave. The broader NFT market transaction volume in the past seven days reached more than $103 million, up 7% from the previous week.
In addition, CryptoSlam data shows that with the surge in activity for Doodles and other collectibles, Ethereum-based NFTs are still in the lead, with sales of $26.5 million in the past seven days. Polygon NFT ranked second with sales of $19.1 million, mainly thanks to the real-world asset NFT platform Courtyard, which sold more than $17 million, making it the highest-selling NFT collectible this week.
Mythos Chain and Bitcoin-based NFTs also demonstrated strong performance with weekly volumes of $16m and $12m, respectively. These figures show an increasing number of supporters for several blockchains while Ethereum NFTs and Polygon remain dominant as the bigger NFT market recovers blockchain diversity and momentum ensure continued bullish trends.
