The new Dood token of the NFT Doodles project, based in Ethereum, experienced a sharp drop in market capitalization after its air card on May 9 on the Solana network.
According to DEX Screenner data, Dood market capitalization has increased from more than $ 100 million shortly after the launch at around 60 million dollars at the time of writing.
Overall, the long -awaited aerial platform was “[d]Efinitely disappointing, ”said a cryptographic commentator in a position on May 9.
In relation: Doodles nft Sale Surge 97% before Dood token Airdrop
NFT Falls values
Joining the trend, NFTS in the flagship collection of Doodle fell greatly on May 9.
Collection objects are down approximately 60% to less than 1.5 ether (ETH) per NFT from around 3.5 ETH on May 8, according to Opensea. As of May 9, the NFTS of a collectively value of approximately $ 31 million, according to Coingecko data.
NFT prices often decrease immediately after an air card, as holders seek to capitalize on their allowances by selling on the market. For example, NFT sales of Doodles jumped approximately 97% on May 8 in anticipation of the air card.
During last week, Doodles recorded approximately $ 2.6 million in total sales volume, up more than 350% compared to the previous week, according to Cryptoslam data.
Doodles announced its launch of tokens in February, describing plans to hit 10 billion Dood tokens on Solana (ground) and to possibly fill them at the base, a 2 Ethereum layer.
Doodles is the latest NFT Native Ethereum brand to list a token on the Solana network. He follows the fatty penguins, an even larger NFT project which broadcast his Pingou token on Solana in December.
Similarly to the scribbles, the Grassouillé Penguin token dropped by around 50% on the day of its aerial card.
The market capitalization of the Token Pengu has reached a summit of all time of approximately 2.8 billion dollars and has since exchanged around $ 900 million, according to Coingecko.
Review: The crypto is 4 years old to grow so big `Nobody can close it ”: Kain Warwick, Infinex
