Over the past week, Doodles NFTs recorded $2.6 million in total sales volume — a 368% increase compared to the previous week — making it the fifth-highest-selling NFT collection.

DOOD Token Airdrop and Exchange Listings

Doodles officially announced on May 7 that its long-anticipated DOOD token will launch on May 9 through a token generation event. The memecoin will initially launch on Solana and later bridge to Base.

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The project will mint 10 billion DOOD tokens, with 68% allocated to the community: 30% for Doodles holders, 13% for the New Blood community, and 25% for the ecosystem fund. The team will receive 17%, and the company will receive 5%, both subject to a 1-year cliff and 3-year vesting period. The remaining 10% will be reserved for liquidity.

NFT holders can pre-register to receive an airdrop allocation. Major exchanges like Binance and Bybit have confirmed that they will list the token after it’s minted on May 9.

NFT Market Sees Overall Growth

As top collections like Doodles gain momentum, the total NFT market reached over $103 million in weekly sales — a 7% increase from the prior week, according to CryptoSlam.

Ethereum-based NFTs led the market with $26.5 million in sales, followed by Polygon at $19.1 million, driven by real-world asset platform Courtyard, which alone posted $17 million in weekly sales. Mythos Chain and Bitcoin NFTs also showed strength with $16 million and $12 million in volume respectively.

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NFT sales, which had been on a decline since March, hit their lowest point in September, marking the weakest monthly sales volume since 2021. However, the market began recovering in October and saw a 57% month-on-month increase in November, with total volumes exceeding $562 million.

Ethereum Leads With $92M Weekly Sales Volume

Ethereum recorded over $92 million in weekly sales, representing a 44.69% increase from the previous week. The surge was largely driven by collections like Pudgy Penguins and CryptoPunks, which posted significant sales volumes.

• Pudgy Penguins saw a massive 346% increase from the previous week, with $25 million in sales. DefiLlama data shows that the collection’s floor price rose from 13 ETH on Nov. 30 to 20.9 ETH (approximately $83,000) by Dec. 8.
• CryptoPunks followed, taking the second spot with $16.5 million in weekly sales. Its floor price briefly hit 44 ETH on Dec. 4 before settling at 40 ETH (around $160,000) by Dec. 8.

Other Blockchain Networks and Market Overview

• Bitcoin-based NFTs came in second, recording $43.8 million in weekly sales.
• Networks like Solana, Immutable, Mythos Chain, Polygon, Cardano, and Flow collectively accounted for $47 million in sales.

Ethereum Price Breaks $4,000

This rise in NFT activity coincided with Ethereum’s price breakout. On Dec. 6, ETH surpassed $4,000, reaching a high of $4,067. An analyst noted that Ethereum is entering a new bullish phase, predicting it could repeat the impulsive breakout seen between 2016 and 2017, potentially reaching $15,000.

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