Doodles corresponds to Pudgy penguins: Airdrop and everything collapses

Sometimes well -ado corrected plan includes success; Sometimes it collapses in a quiet crash. This is a fate that examined pimps, crypto project, experienced, whose promoters imagined a red carpet with the triggering of the token. But in the jungle of cryptocurrency every flight can turn into a free fall. And the start of the token on the Solana was a brutal illustration.

Doodles: promise of unsuccessful community

9. May Doodles run $ DOOD, its community tokenthrough a highly anticipated ardrop. Target? Distribute 10 billion tokens on the solanawith 68 % designed for the community. On x, Doodles said:

The creative revolution is there … we build a movement that crosses for ages.

The announcement aroused the enthusiasm of the crypt community. 8th May, lSales NFT Doodles jumped by 97 %exceeding $ 1.1 million. Cryptoslam then placed the collection in the world.

But the next day, Euphoria turned to disillusionment. According to Screener Dex, DOOD capitalization increased from more than 100 million to approximately $ 60 million. In parallel, NFT Doodles dropped by 3.5 ETH to less than 1.5 ETH.

” Clearly by disappointment “Summed @locithebird on X. This brutal reaction remembered fate Peggue de Pudgy Penguins who dropped by 50 % lE day of your own startup.

AirDrop, massive sale and confused communication

The reasons for this failure are multiple. Primarily, Significant sales pressureTypical for Airdrops, where holders are trying to take. Djaniwhaleskul, crypto analyst, writes:

If you have bought doodles to speculate on DOOD, you are probably disappointed.

Then she perceived the strategy as vague. Despite long -term ambitions – gamification, management of public, art incentives – the project did not specify any instant use cases.

The team certainly wants to Integrate DOOD on the Ethereum L2 BlockchainAnd use the Universe Doodles. But at the time of the start, many users only sawSimple the same, without a specific function.

The Launching on the solana Also, confusion: the basis of holders, rather Ethereum, had to open compatible wallets to participate. In short, Doodles suffered from a combination of aggressive timingShared audience and very high expectations.

But the support remains faithful. Djani closes:

Projects that rely on culture and community are projects that last.

Brutal crash, eloquent figures

The market responded dry, but the data remains revealing force – and errors – this start.

• Initial capitalization $ DOOD: More than $ 100 million;
• Fall on the same day: almost 40 %, approximately 60 million;
• NFT Doodles: from 3.5 ETH to 1.5 ETH, or -60 %;
• Sales NFT for 24 hours before AirDrop: +97 %, with $ 1.1 million;
• Total weekly volume: 2.6 million, +368 % compared to the previous week.

Joel Agbo, contributor to Coingecko, reminds that these tokens ” They often start as the same, but focus on usefulness for a long time ». It was also a bet on the pudgs of penguins that Le Pengué fallen quickly … before climbing to 2.8 billion capitalization. Doodles could follow this model if they rebuild confidence. His history of cooperation (McDonald’s, Pharrell Williams, Adidas) proves his brand.

And the support of the binance that stated $ DOOD shows that The project retains credibility with the main crypto players. In short, the fall was brutal, but the jump remains real.

The Doodles project connects to the list of those whose token has first disappointed. The same official Trump also rushed after the canon in the TOP 10. However, his supporters persisted and the assets ended in victory. Nothing is played for $ DOOD: The next chapter will depend on the commitment and vision.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.