Picture, if you will, a horde of pixelated doodles, dancing on the teetering ledge of digital posterity, only to plunge, headlong, with the poetic grace of a poorly coded parachute, into the abyss of post-airdrop ennui. Oh! The DOOD token—spawned from the cerebral haze of Ethereum’s NFT dreamers—making its Solana network debut on May 9, and, almost immediately, a masterclass in gravity.
Numbers, you ask? Worry not. DEX Screener’s fangs deliver: from the heady heights—north of $100 million, that green flash after launch—now a faint gasp at $60 million, which, with some wit, might be called “still better than my lottery ticket.”
“Definitely underwhelming,” declares one crypto wit on X (née Twitter), on May 9—the sort of understatement that would’ve delighted Oscar Wilde.
Falling NFT values
Not to be outdone by its own token’s swan dive, Doodle’s flagship NFT collection also pirouetted downwards—on the very same May 9! Strip away the confetti: what was once a 3.5 ETH doodle is now a 1.5 ETH doodle, approximately—a humble reminder that digital art is best enjoyed with a side of volatility.
CoinGecko, that unblinking oracle, sizes up all Doodle NFTs at a modest $31 million, a sum that would make Picasso’s ghost weep—or perhaps laugh.
But why this narcoleptic nosedive? It’s a rite as old as blockchain itself. The airdrop saplings, freshly watered, meet the brisk axe of speculative sellers; sales volumes skyrocketed, a 97% sugar rush, on May 8, all in feverish anticipation—the sort of stampede that leaves trampled pixels and truer believers nursing their wounds.
Still, for statisticians and masochists alike, the numbers flatter: Doodles enjoyed $2.6 million in sales volume this past week—a 350% leap from the week before. Insert your own poetic metaphor involving wax wings and giant, neon “SELL” buttons.
The Doodles brain trust, optimists extraordinaire, had unveiled this grand DOOD token plan back in February: mint 10 billion of the things on Solana, and then, perhaps, bridge them to Base—because every modern odyssey needs a sequel.
Not content with being trendsetters, the Doodles crew follows in the happy flippers of Pudgy Penguins, archetypes of aquatic hype, whose own PENGU token (launched, airily, last December) achieved the rare feat of halving its value faster than you could say “community.”
For those tallying digital fortunes at home: PENGU’s market cap bellowed at $2.8 billion before performing a two-thirds disappearing act—now idling at $900 million. A fortune in imaginary fish, if you will. 🐧💸
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2025-05-10 01:56