NFT sales for the colorful, community-driven collection surged 97% in just 24 hours, reaching over $1.1 million on May 8, according to CryptoSlam. The sudden spike comes as collectors and crypto traders prepare for the long-awaited launch of Doodles’ native token, DOOD.
That boost pushed Doodles to third place in daily NFT sales rankings – just behind gaming-centric DMarket and real-world asset platform Courtyard.
Doodles trading volume up 368% this week
Zooming out, the hype has been building all week. Doodles racked up $2.6 million in trading volume over the past seven days – a 368% jump from the previous week. It now ranks fifth among all NFT projects in weekly sales.
This momentum coincides with the upcoming DOOD token generation event, officially set for May 9. The Doodles team confirmed the date on May 7, and the NFT crowd is clearly paying attention.
10 billion DOOD tokens are coming and most go to the community
Doodles first revealed its memecoin plans back in February. The team will mint 10 billion DOOD tokens on the Solana blockchain, with plans to expand to Base later on.
Here’s how the token supply will break down:
- 30% goes to Doodles NFT holders
- 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 liquidity
To ensure long-term sustainability, team and company allocations come with a one-year lockup and a three-year vesting period.
Doodles NFT holders can pre-register to claim their airdrop allocation. And big exchanges are taking notice—Binance and Bybit have both announced plans to list the DOOD token once it goes live.
NFT market rebounds to $103 million weekly volume
Doodles isn’t the only one riding the wave. The broader NFT market saw over $103 million in total sales this week, up 7% from the week before.
Ethereum-based NFTs led the charge with $26.5 million in sales. But Polygon made a strong showing too, pulling in $19.1 million thanks to Courtyard’s booming real-world asset NFTs, which topped the charts with $17 million in sales.
Mythos Chain and Bitcoin-based NFTs also showed solid performance, with $16 million and $12 million in weekly volume, respectively.
What’s next for Doodles?
With the DOOD token set to drop on May 9 and major exchanges ready to support it, Doodles is primed for a breakout moment in the memecoin market. If the current momentum holds, the project could cement itself as more than just a beloved NFT collection – it might just lead the next wave of NFT-fueled Web3 growth.
