Doodles NFT sales had seen an incredible increase recently, up 97% over the past 24 hours. The rise follows traders’ expectation of the project’s DOOD token airdrop and memecoin launch on Solana. And the sales volume almost doubled, to just over $1.1 million.

That increase in sales has shot Doodles up to the No. 3 position for daily NFT sales, per CryptoSlam. The collection follows DMarket and Courtyard NFTs.

Token Launch Details

Doodles first hinted at its memecoin launch on February 13. The company plans to mint 10 billion DOOD tokens on the Solana blockchain. On May 7, Doodles revealed that their token generation event would take place on May 9.

The release schedule for DOOD tokens is purposefully designed to reward all DOOD stakeholders. Most importantly, 68% of all the tokens will be distributed to the members of the community. Team members will receive 17% of the DOOD tokens, while the company itself receives 5% of the token supply.

The community allocation allocates 30% of the total to the Doodles community. It increases allocations to the New Blood community to 13% and reserves 25% for the ecosystem fund. Whether returningee or newcomer, these allocations can help you grow, create and engage with the vibrant Doodles ecosystem!

Sales Volume Increase

Doodles NFT sales went over $1.1 million on May 8, almost doubling the day prior’s total. During the last seven days, Doodles has generated $2.6 million in total sales volume.

The jump is a massive 368% increase from the previous week. Doodles: CryptoSlam sales numbers Doodles recently ranked fifth of all NFT collections in sales, according to CryptoSlam.

Market Anticipation

The recent spike in Doodles NFT sales is a testament to the market’s excitement ahead of the DOOD token launch. As mentioned above, traders are actively positioning themselves to take advantage of the potential for the airdrop.

The upcoming launch on Solana will definitely bring a wave of new eyes and use cases to the Doodles ecosystem. This strategic token allocation is designed to reward those who have supported and enriched the community, while simultaneously creating rewards for future development.