DOOD Token Tanks Post-Launch—Hype Train Derails Spectacularly
Another day, another crypto darling faceplants out of the gate. The DOOD token—showered with influencer hype and moonboy promises—is in freefall despite its ’can’t-miss’ pre-launch buzz.
From ATH to WTF
Early backers who FOMO’d in are now nursing double-digit losses as DOOD sheds value faster than a meme stock in a bear market. The usual suspects—over-leveraged degens, exit liquidity hunters—are already pointing fingers.
Crypto’s Groundhog Day
Same script, different token: hyped project underdelivers, bagholders get rekt, team vanishes into Discord obscurity. But hey, at least the ’wen marketing’ tweets will be entertaining.
Bonus jab: If you bought the ’this time it’s different’ narrative, your portfolio now qualifies as a charitable donation.
In brief
- Doodles launched $DOOD via a highly anticipated airdrop, causing an immediate market frenzy.
- The very next day, the market cap dropped by 40%, and NFTs lost 60%.
- Lack of clear utility, choice of Solana, and selling pressure fueled the fall.
Doodles: The Promise of a Failed Community Shift
On May 9, Doodles launched, via a highly anticipated airdrop. The goal?, with 68% allocated to the community. On X, Doodles declared:
The creative revolution is here… we are building a movement that will transcend ages.
The announcement sparked enthusiasm in the crypto community. On May 8, Doodles NFT sales jumped 97%, exceeding 1.1 million dollars. CryptoSlam then ranked the collection third globally.
But as early as the next day,. According to DEX Screener,. In parallel, Doodles NFTs fell from 3.5 ETH to less than 1.5 ETH.
“Clearly disappointing“, summarized @lokithebird on X. This brutal reaction evoked the fate ofon its launch day.
Airdrop, Massive Sales, and Confused Communication
The reasons for this setback are multiple. First,, typical of airdrops where holders seek to cash out. DjaniWhaleSkul, crypto analyst, writes:
If you bought a Doodles only to speculate on $DOOD, you are probably disappointed.
Next, a strategy perceived as unclear. Despite long-term ambitions — gamification, governance, artistic incentives — the project did not specify immediate use cases.
Certainly, the team wants to, and leverage the Doodles universe. But at launch, many users saw it only as.
Thealso caused confusion: the holder base, mainly Ethereum, had to open compatible wallets to participate. In summary,, divided audience, and very high expectations.
SOLUSD chart by TradingViewBut some supporters remain loyal. Djani concludes:
Projects that bet on culture and community are the ones that last.
A Brutal Crash, Revealing Figures
The market responded starkly, but the data remains revealing of the strengths — and flaws — of this launch.
- Initial capitalization of $DOOD: over 100 million dollars;
- Drop on launch day: nearly 40%, to about 60 million;
- Value of Doodles NFTs: from 3.5 ETH to 1.5 ETH, a 60% decrease;
- NFT sales in 24h before the airdrop: +97%, with 1.1 million dollars;
- Total weekly volume: 2.6 million, +368% compared to the previous week.
Joel Agbo, contributor at CoinGecko, reminds us that these tokens “often start as memecoins but aim for utility in the long run“. This was also the bet of Pudgy Penguins, whose PENGU dropped quickly… before rising to a 2.8 billion capitalization. Doodles could follow this model, provided trust is rebuilt. Its history of collaborations (McDonald’s, Pharrell Williams, Adidas) proves its brand strength.
And Binance’s support, which listed $DOOD, shows that the. In short, the drop was brutal, but the rebound potential is real.
The Doodles project joins the list of those whose token launches initially disappointed. The OFFICIAL TRUMP memecoin also plunged after a stellar start in the top 10. Yet, its supporters persevered, and the asset eventually made its mark. Nothing is decided for $DOOD: the next chapter will depend on commitment and vision.
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