The newly launched token of the death of the NFT project based in Ethereum Doodles has seen a strong fall in market capitalization after its May 9 Airdrop in the Solana Red.
According to Dex screen data, Doode market capitalization fell more than $ 100 million shortly after launching around $ 60 million at the time of writing.
In general, the long -awaited Airdrop was “[d]Efinitably disappointing, ”said a cryptographic commentator in a May 9 publication.
Related: Doodles Nft arises arises 97% ahead or death tokens airdrop
NFT values that fall
When joining the trend, NFT in Doodle’s flagship collection sharply fell value on May 9.
The collectibles fall approximately 60% to less than 1.5 ether (ETH) per NFT of approximately 3.5 eth on May 8, according to Onsaea. As of May 9, the NFTS is collectively worth around $ 31 million, according to Coingcko data.
NFT prices of Dip immediately after an aerdrop, since riders seek to capitalize their assignments selling to the market. For example, Doodles NFTS sales increased 97% on May 8 in advance of Airdrop.
Around last week, Doodles registered approximately $ 2.6 million in total sales volume, more than 350% of the previous week, according to Cryptoslam data.
Doodles announced its launch of Tokens in February, the scheme plans mint 10 billion tokens dead in Solana (Sun) and so that they can base them, a layer 2 of Ethereum.
Doodles is Ethereum’s latest NFT brand to list a Token in the Solana Red. Follow the grocery penguins, an even larger NFT project that advanced in the air of Pingu in Solana in December.
Similar to the scribbles, the P
The Token market capitalization of Pengu reached a historical maximum of approximately $ 2.8 billion and since then has dropped to approximately $ 900 million, according to Coingecko.
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