The Ultimate Guide to Doodles’ New Solana Token $DOOD

Doodles, a prominent name in the NFT space, is making a major move with the launch of its $DOOD Token on Solana. The project aims to reinvigorate its community, leverage the rising memecoin trend, and potentially introduce future utilities for $DOOD.

With a total supply of 10 billion tokens, this launch marks a significant shift in Doodles’ strategy, bringing it closer to the broader Web3 ecosystem. However, the key question remains: Is $DOOD just another memecoin, or does it have long-term potential?

Why Doodles is Launching $DOOD Token Now

Doodles originally started as a 10,000-piece NFT collection but quickly expanded into mainstream entertainment, securing high-profile partnerships with brands like Adidas, McDonald’s, and even Pharrell Williams. While these collaborations helped push Doodles into the public eye, many crypto-native holders felt that the project was drifting away from its Web3 roots.

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The introduction of $DOOD Token is a strategic move to re-engage its core community while also expanding into the crypto market beyond NFTs. By launching on Solana, Doodles is capitalizing on the blockchain’s low fees, high transaction speed, and thriving memecoin culture.

With competitors like Pudgy Penguins ($PENGU) and Azuki ($ANIME) launching their own tokens, the pressure is on for Doodles to make $DOOD a success.

$DOOD Tokenomics: How the Supply is Allocated

Doodles has designed a structured token distribution model to ensure sustainable growth:

• 30% – Doodles Community: Rewarding existing NFT holders and driving engagement.
• 25% – Ecosystem Fund: Allocated for long-term project growth and expansion.
• 17% – Team Allocation: Likely for incentives, development, and operational support.
• 13% – “New Blood”: Possibly for new investors, partners, or community growth initiatives.
• 10% – Liquidity Providers: Ensuring smooth trading and price stability.
• 5% – Doodles Inc.: Held by the company for strategic purposes.

The community-focused allocation (68% in total) shows that Doodles wants $DOOD to be more than just a team-controlled asset, prioritizing community rewards and future expansion.

Will There Be a $DOOD Airdrop?

One of the biggest questions surrounding the $DOOD launch is whether Doodles NFT holders will receive an airdrop. While the team has not released an official statement confirming exact details, the tokenomics strongly suggest that a large portion of $DOOD will be distributed to the community.

The 30% allocation for Doodles NFT holders points toward a potential airdrop, which would reward long-time supporters for their early involvement. Another 13% is set aside for “new blood,” which could mean additional token rewards for new community members or strategic partners.

The exact snapshot date for NFT holders and potential airdrop mechanics have not been disclosed yet, but there are a few key factors to consider:

1. Eligibility: If Doodles follows the standard airdrop model, holders of the original Doodles NFTs may receive a set allocation of $DOOD.
2. Claim Process: The team may require users to connect their wallets and claim their tokens on an official platform.
3. Multi-Phase Distribution: Some projects release airdrops in multiple phases, ensuring long-term engagement instead of an immediate token dump.

With other NFT-backed tokens seeing strong market demand post-airdrop, $DOOD could follow a similar trajectory if a distribution plan is confirmed.

$DOOD: A Memecoin or Something Bigger?

Doodles’ leadership has been careful in its messaging around $DOOD Token. Initially positioned as a memecoin, the team later suggested that $DOOD could develop utility over time.

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This strategic wording likely stems from regulatory concerns, as labeling a token as a utility asset too early could trigger legal complications. Instead, Doodles is playing it safe by launching $DOOD as a memecoin first, with plans to introduce utility functions later.

Some potential future use cases include:

• NFT Staking Rewards: Holders may earn $DOOD by staking their Doodles NFTs.
• GameFi Integration: $DOOD could be used in interactive experiences, mini-games, or metaverse applications.
• Exclusive Perks: Token holders might get access to events, merch drops, or VIP experiences.
• Cross-Chain Utility: Plans to bridge $DOOD to Base (Coinbase’s Layer 2 network) could expand its reach.

Doodles is keeping its long-term vision flexible, but these possibilities suggest that $DOOD will eventually evolve beyond just memecoin status.

Why Solana? The Strategic Choice for $DOOD Token

Instead of launching on Ethereum, Doodles chose Solana as the home for $DOOD Token. The decision makes sense for several reasons:

• Lower Transaction Fees: Solana’s gas fees are a fraction of Ethereum’s, making transactions more cost-effective.
• Faster Transactions: With speeds of up to 65,000 transactions per second, Solana is ideal for a high-utility token.
• Booming Memecoin Market: BONK, WIF, and other Solana-based memecoins have surged in popularity, creating a strong market fit for $DOOD.

However, Doodles is not abandoning Ethereum completely. The team has hinted at a future bridge to Base, Coinbase’s Layer 2 network, which could allow Ethereum users to interact with $DOOD more easily.

Will $DOOD Follow the Trend of Other NFT Tokens?

Many major NFT brands have launched their own tokens recently, with mixed results:

• Pudgy Penguins’ $PENGU saw a significant price surge after launch.
• Azuki’s $ANIME gained strong community traction.
• Yuga Labs’ $APE Coin remains a leading Web3 token, despite market fluctuations.

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If Doodles successfully executes the $DOOD launch, it could see early price spikes driven by community demand and Solana’s memecoin hype. However, long-term sustainability will depend on whether Doodles buildsR meaningful utility for the token.

Is $DOOD a Game Changer for Doodles?

The launch of $DOOD Token is a pivotal moment for Doodles, signaling a shift toward deeper crypto integration. Whether $DOOD remains a memecoin or evolves into a more complex utility asset will depend on how the team executes its roadmap.

If a community-focused airdrop is confirmed, early holders of Doodles NFTs could benefit significantly. However, much will depend on whether Doodles can create long-term engagement around $DOOD, rather than letting it become just another speculative asset.

With Solana’s memecoin market booming and NFT tokens gaining traction, $DOOD is positioned for strong initial momentum. However, the real test will be what comes next after the launch hype fades.