Doodles NFT token stalls after airdrop

The newly launched DOOD token from Ethereum-based NFT project Doodles has seen a steep drop in market capitalization following its May 9 airdrop on the Solana network. According to data from DEX Screener, DOOD’s market cap fell from over $100 million shortly after launch to around $60 million at the time of writing. Overall, the much-anticipated airdrop was “[d]efinitely underwhelming,” a crypto commentator said in a May 9 X post.  DOOD token performance on May 9 source: https://cointelegraph.com/news/doodles-nft-token-stalls-after-airdrop?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound