Doodles’ non-fungible token (NFTs) sales rose by 97% in the last 24 hr as digital collectible traders prepare for the job’s token generation occasion and airdrop.
On Might 8, information from CryptoSlam revealed Doodles NFT sales topping $1.1 million, almost doubling the previous day’s overall. The spike positioned Doodles in the 3rd area for day-to-day NFT sales, following DMarket and Yard NFTs.
Over the previous week, Doodles taped $2.6 million in overall sales volume, up 368% from the week prior and ranking 5th amongst all NFT collections, according to CryptoSlam.
The rise comes ahead of the launch of Doodles’ long-awaited DOOD token. The job revealed on May 7 that the token generation occasion will occur on May 9.
Doodles to release DOOD token and airdrop
Doodles revealed its memecoin launch on Feb. 13, stating it would mint 10 billion DOOD tokens on Solana. The job likewise stated that it would bridge to the Base blockchain in the future.
According to the group, 68% of the tokens will be designated to neighborhood members: 30% to the Doodles neighborhood, 13% to the New members neighborhood and 25% as its community fund.
Staff member will get 17% of the tokens, while the business gets 5% of the token supply. Doodles stated these go through a 1 year cliff unlock duration and a three-year vesting duration. The staying 10% of the token supply is to be designated to the job’s liquidity.
Holders of Doodles NFTs are qualified to pre-register and get an airdrop allotment of the tokens. Exchanges like Binance and Bybit revealed that they would note the token on their trading platforms after the tokens are minted on Might 9.
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NFT market strikes $103 million in weekly sales
As Doodles and other leading collections saw a rise in activity, overall NFT market volume reached more than $103 million over the previous 7 days, a 7% boost from the previous week, according to CryptoSlam.
Ethereum-based NFTs still lead the charge with $26.5 million in sales in the last 7 days. Polygon NFTs took the 2nd area with $19.1 million in sales, driven by real-world property NFT platform Yard, which had more than $17 million in sales alone, making it the leading NFT collection for the week.
Mythos Chain and Bitcoin-based NFTs likewise carried out well for the week, having $16 million and $12 million in sales, respectively.
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