Let’s face it, the crypto space is overwhelmed with hype. Another day, another token promising the moon. So, when I see a new project like DOOD creating this much excitement, my first reaction is suspicion. After taking a deep dive into the data, I’m beginning to believe this frenzy is one-of-a-kind. Here's why.
Data Speaks Volumes, Not Just Hype
The trading volume for the entire Doodles NFT collection is up an astonishing 368% week-over-week. It takes at least $2.6 million in weekly sales to make it into the top five. You can't ignore numbers like that. This isn’t just a passing fancy, it’s a continued, data-driven wave of energy. Remember the initial surge of PENGU? DOOD is surfing that same wave. Their total supply of tokens is a smaller, but highly influential, 10 billion. The comparison to PENGU is insightful, but DOOD has something PENGU didn't at launch: major exchange support from day one. More importantly, Binance, KuCoin, and OKX listing DOOD immediately pumps liquidity and legitimacy on the DOOD, priming it for wider adoption.
Community Ownership Is A Game Changer
As of the last report, 68% of the total DOOD supply is going to the community. That's huge. A third of that goes straight to the holders. Think about that – a significant portion of the token is in the hands of people who are already invested in the Doodles ecosystem. It’s not only about cashing in on a fad. It’s not just about empowering the community, it’s about making sure the community has a true vested interest in the success of the project. That’s a radically different context from the typical project in which insiders and VCs own the bulk of the supply. In those instances, retail investors typically walk away with nothing. Now, picture that same old-fashioned company returning nearly 70% of its value directly back to its customers. That’s the kind of game changing power we’re talking about here.
Airdrop Anxiety Reveals Underlying Value
The fact that the DOOD airdrop registration deadline (Sept 5th, 4 PM ET) created such a frenzy tells you something. People fear missing out. But fear isn't always irrational. That’s because it usually uncovers a deeper faith in the future goodness. Why would so many people run, not walk, to register if they didn’t believe that DOOD was worth at least a little something? The anxiety, while understandable, is a very good sign and is a strong reflection of the community’s belief and trust in the project. This kind of sounds like the days of yore when Bitcoin airdrops were a thing. An incredible vibe of urgency and excitement colored all of the insiders who understood the moment. The potential reward outweighs the perceived risk.
Bitcoin's Blessing and Fed's Friendly Fire
Let's not forget the macro picture. Bitcoin's recent performance is providing a tailwind for the entire crypto market, and the Federal Reserve's monetary policy decisions are playing a crucial role. I’m always skeptical of counting too much on outside influence. The larger environment that has dominated markets lately greatly favors risk-on assets such as DOOD. A combination of low interest rates and a bullish Bitcoin narrative provide the perfect storm for that growth. This is not only a DOOD issue though, it is the bigger economic picture that is adding more fuel to the fire. It feels as reconciling as planting a seed in fertile soil after a quickening drought. The timing matters.
Beyond the Quick Buck - A Long-Term Vision
Yes, we can expect short-term volatility. Most airdrop recipients would probably just sell their tokens to realize the cash value. Speculators will seek to profit from the opening frenzy. The point is to go past the first distraction and keep your eye on the big-picture goal. The Doodles team isn’t simply releasing a token; they’re creating an ecosystem. The tokenomics reflect a serious dedication to creating long-term, sustainable development. They feature provisions for an ecosystem fund, team rewards, liquidity and “New Blood.” That’s what makes all the difference between the hype and the reality.
Is DOOD a guaranteed success? Absolutely not. We know the crypto market is highly speculative, and things can change overnight. According to the data, there is excellent community involvement and robust, strategic tokenomics at play. I assure you that DOOD mania is more than just hype! That’s an indicator of a strong project with true potential. So as always, do your own research, manage your risk, don’t be the one with FOMO, and so on. Whatever you do, don’t write off DOOD as another passing fad. This one might actually have legs.

Sahan De Silva
Industry News Editor
Sahan De Silva offers in-depth, analytic coverage of the blockchain industry, rigorously balancing data-driven insights with accessible explainer pieces. He values collaborative investigation and thorough reporting. In his personal life, Sahan practices photography and is passionate about Ceylon tea culture.
Related

Ronaldo's NFT Moonshot: 3 Reasons Why It's More Than Just Hype
Ronaldo's at it again. Yet another NFT drop, this time titled “Forever to the Moon,” in collaboration with Binance. Skeptics will write it off as just another celebrity cash grab, seeking to take advantage of a market still recovering from the 2022 NFT crash. Dismissing it as mere hype overlooks...

Ronaldo's NFT Gamble: Will It Empower Fans or Exploit Them?
Cristiano Ronaldo—the most famous man on the planet, perhaps the finest athlete to ever walk this earth. Once again, he’s entered the NFT arena—this time, teaming up with Binance. This time it’s Forever to the Moon, his sixth NFT collection. Promotional bait about fan engagement, Web3 exploration, and building better...

Trump's Crypto Playbook: 3 Ways It Could Reshape Digital Finance
We know that, let’s be honest, crypto sometimes sounds like a different language. Yet through the thick noise of blockchain this, NFT that, technology is a tremendously powerful tool that has the potential to democratize finance. Now, picture sending money across borders without going through the traditional banking system’s high...