Doodles, the popular Ethereum-based non-fungible token (NFT) collection, has witnessed an unprecedented surge in trading activity.
Over the past 24 hours, sales volume has skyrocketed by 333%, reaching $9.4 million, according to data compiled by DappRadar. This surge comes amid heightened anticipation surrounding an announcement at NFT Paris and the recent introduction of the $DOOD token.
Trading Metrics Show Explosive Growth
The latest data from DappRadar highlights a dramatic increase in trading activity for Doodles NFTs. Over the past day, the number of traders has risen by 228.26% to 453, while sellers and buyers have grown by 230.52% and 264.77%, respectively. The collection recorded 771 sales, marking a 333.14% increase from the previous day. Despite the surge in trading, the market capitalization remains steady at $96.36 million, with the floor price holding at $9,630 per NFT.
The rapid ascent in Doodles’ trading metrics has sparked widespread discussion within the NFT community. DappRadar’s official X account (@DappRadar) noted the increased interest, tweeting,
“Apparently @doodles is heating up for the event in Paris today. Any news will be released? Well, we will see ● – ●”
While speculation abounds, analysts point to a combination of market enthusiasm and strategic developments as driving forces behind this surge.
Introduction of $DOOD Token Fuels Market Excitement
The surge in sales is closely tied to the introduction of $DOOD, the official token of the Doodles ecosystem. The Doodles team announced the launch of $DOOD on Solana with a planned bridge to Base, allocating 68% of the 10 billion token supply to the community.
Announcing the token, Doodles (@doodles) stated,
“$DOOD will launch with a supply of 10,000,000,000 on Solana, with a future bridge to Base. 68% will be allocated to the community. Full breakdown below ↓”
The token’s introduction aligns with Doodles’ broader vision of expanding its influence beyond NFTs into a full-fledged decentralized entertainment ecosystem. The project has been building momentum through its animated content, short films, and brand collaborations, positioning itself as a major player in Web3 media.
Leadership Shift and NFT Paris Anticipation
Another key factor driving Doodles’ recent market activity is the buzz surrounding the upcoming NFT Paris event. The project’s co-founder and new CEO, Burnt Toast, is scheduled to speak at the event alongside industry figures such as Luca Netz, CEO of Pudgy Penguins. The NFT community is eagerly awaiting potential announcements, with speculation ranging from new partnerships to the expansion of the Doodles universe.
Doodles has also been vocal about its vision for the future. In a post on X, the team stated,
“We’ve been on a white-hot trajectory, igniting a cultural firestorm through the power of decentralization. Now, with our global community by our side, we’re building a movement that will stand the test of time. Make art. Make history. Make something.”
The combination of strong trading momentum, the introduction of $DOOD, and leadership-driven expansion efforts has positioned Doodles at the center of the NFT market conversation. As the NFT Paris event unfolds, all eyes remain on Doodles for potential game-changing announcements.
