The newly introduced DOOD token from the NFT project based in Etheum Doodles noted a piercing decrease in market capitalization after Airdrop on May 9 on the Solana network.
According to In the case of data from Dex Screeler, the DOOD market capitalization dropped from over $ 100 million shortly after starting to around $ 60 million at the time of writing.
In general, the long -awaited drop was “[d]Usually disappointing ”, cryptographic commentator he said In the post of May 9.
Related: Doodles NFT Sales will increase by 97% before the Dood Token token token
Falling NFT values
By joining the trend, the NFT in the flagship DOODLE collection dropped rapidly on May 9.
The collections dropped by about 60% to less than 1.5 ether (ETH) on NFT from around 3.5 ETH 8 May, According to to Opensea. From May 9, NFT is worth around $ 31 million in total, According to For data from Coingecko.
NFT prices often immerse themselves immediately after Airdrop, because owners try to use their assignments by selling on the market. For example, the sale of NFT doodles increased by about 97% on May 8, waiting for Airdrop.
Over the past week, doodles has reached around $ 2.6 million of total sales volume, which is over 350% compared to a week earlier, according to data from Cryptoslam.
Doodles announced the launch of the token in February, presenting plans to break 10 billion DOOD tokens on Solanu (SOL) and ultimately liquidating them to the base, the Ethereum-2 layer.
Doodles is the latest native brand NFT Ethereum that has replaced the token on the Solana network. He follows the plump penguins, an even larger NFT project, which in December brought his peng toke to the salt.
Similarly to doodles, the plump penguin token fell by about 50% on the day of its drop.
The market capital of the Talen Peng has reached the highest level of approximately $ 2.8 billion and has dropped to about $ 900 million since then, According to To Coingecko.
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