Doodles NFT Token Suffers 40% Drop Post-Airdrop

The Doodles NFT token (DOOD) experienced significant price fluctuations following its launch day on May 9, 2025, with a 40% decline in market capitalization despite support from Binance. This volatility highlights the challenges faced by new tokens during their initial phases, impacting investor confidence and market stability. 43% of the DOOD token supply was unlocked at the Token Generation Event, creating pressure on prices, a factor contributing to the market downturn.