Original Title: "Blue Chip NFT 'Doodles Announces Token Launch' Abandoning Ethereum to First Land on Solana, How High is the $DOOD Token Economy and Airdrop Value?"
Original Author: DaFi Weaver, BlockTempo
After well-known projects like Fat Penguin and Azuki launched their tokens, another blue chip NFT project on Ethereum has announced its token launch! Doodles, the 6th largest NFT project by market cap on Ethereum, known for its animations, short films, and collaborations with famous brands like McDonald's, announced early this morning (14th) that it will issue the token $DOOD on Solana, becoming the second Ethereum project to choose Solana as its token launch platform after Fat Penguin.
However, the official statement also mentioned that it will bridge to Ethereum Layer2 Base in the future.
This news has been warmly welcomed by the Solana community, with the official Solana account specifically posting a GIF to express support, and the mainstream wallet in the Solana ecosystem, Phantom, also posted: "Welcome to Solana."
Token Economics
According to the official announcement, the total supply of $DOOD is 10 billion, with 68% allocated to the community. The specific distribution 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 provided detailed information regarding the airdrop distribution method and the token launch time, and further announcements are expected.
Doodles Trading Volume Soars 345%
As a result of 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 by 345.37%, reaching 3,138 ETH (approximately $8.47 million), with trading volume also skyrocketing by 307.19%, reaching 680 transactions. Additionally, the average transaction price has risen by 9.38%, currently at 4.61 ETH, indicating a significant increase in market demand for Doodles.
As of the time of writing, the floor price of Doodles is reported at 4.44 ETH, valued at approximately $11,988.
Potential Value of Airdrops for Doodles Holders?
Assuming the FDV (Fully Diluted Valuation) of Doodles at launch falls within the range of $1 billion to $2 billion, with 30% allocated for airdrops to the Doodles community, this means the total airdrop value could be between $300 million and $600 million. Considering that the total number of Doodles is 9,998, each NFT could potentially receive an airdrop worth $30,000 to $60,000, far exceeding the current floor price of Doodles.
However, this does not guarantee profit. For example, the FDV of $PENGU once exceeded $6 billion at launch, but now it is only about $800 million; $ANIME also dropped from $1.4 billion to its current $270 million, both falling over 80% from their peaks. Therefore, the market performance of DOOD after its launch remains highly uncertain, and buying Doodles now does not necessarily guarantee a profit.
$ANIME has dropped over 85% from its peak
$PENGU has dropped over 84% from its peak
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