Doodles NFT Price Plummets 47% Amidst Market Downturn

The Doodles NFT collection has experienced a significant price drop, falling by nearly 47% following a recent token generation event (TGE). The event also impacted the newly minted DOOD token, which saw a decrease of about 40%. This decline reflects broader market volatility in the NFT space. Ethereum transaction volumes have surged in response to these changes, with increased trading activity witnessed across related markets.