The newly launched Dood tokens from Ethereum-based NFT project doodles have seen a steep decline in market capitalization after the 9 May aircraft on Solana network.
According For data from dex screinner, Dood’s market cap more than $ 100 million after a launch of approximately $ 60 million at the time of writing.
Overall, the much awaited aerdrop “(d) was effiniteliae awnhelming,” a crypto commentator Said In May 9 post.
Connected: Doodle NFT Sales Serge 97% ahead of tokens aircraft
Falling NFT value
By joining the trend, NFT fell rapidly on May 9 in the major collection of doodles.
Collectability is about 3.5 ETH from NFT less than 1.5 Ether (ETH), about 3.5 ETH, from NFT, According To Opensea. As of May 9, NFTs are collectively around $ 31 million, According For data from coingecko.
NFT prices often take a dip immediately after an aircraft, as the holders see in the market and look at their allocation. For example, in the Aircraft expectancy, the doodles’ sales increased by some 97% on 8 May.
In the last one week, doodles saw the amount of about $ 2.6 million in total sales, according to which more than 350% before the week data From Cryptosalam.
Doodles announced their token launch in February, hitting the 10 billion dood tokens on Solana (Sol) and eventually a plan to bridge them on base, an atherium layer -2.
Doodles are the latest Etharium-Mool NFT brand to list a token on the Solana network. It follows Pudi Penguin, which is a large NFT project, which aircraft its pengu tokens on Solana in December.
Similarly, for doodles, the token of Pudi Penguin dropped about 50% on its aircraft day.
The market cap of the pengu token reached all the time of about $ 2.8 billion and since then traded about $ 900 million, According For coingecko.
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