Keep up with the fat penguin? Doodles Non-fungible Token implies the launch of the coin, Floor Price big pump 80%!

The community is shaken by the signal, and Doodles Market Cap once soared.

Doodles, which has made a name for itself in the NFT market with its unique cartoon style, has once again attracted market attention today. Co-founder and artist Burnt Toast (real name Scott Martin) posted an intriguing message on the community platform X: 'take ownership, keep evolving new ideas, shape communities, open minds, inspire new growth.' Community observers quickly noticed that the initials of these phrases spell out 'token is coming,' sparking speculation that Doodles is preparing to launch its own token.

Source: X Doodles co-founder and artist Burnt Toast posted on X hinting at the upcoming coin?

The market responded quickly to this clue, and the floor price of Doodles surged after the news broke, from about 4.3 $ETH to 7.68 $ETH, an increase of nearly 80%. Data shows that Doodles' trading volume also saw significant growth within 24 hours, indicating strong investor expectations for the launch of tokens for this NFT project. As a result, Doodles' Market Cap once again ranks among the top in the NFT industry, currently around $220 million, solidifying its influence in the NFT market.

Source: OpenSea Doodles NFT basic information

The wave of token issuance is sweeping the NFT industry, and Pudgy Penguins serves as a precedent

If Doodles plans to issue tokens, it will not be the first. Another well-known NFT project, Pudgy Penguins, has already issued the $PENGU token, sparking a discussion in the community. Although $PENGU experienced a 50% correction after an initial increase, this move still shows that expanding the ecosystem and enhancing community cohesion through token issuance has become a new trend for NFT projects.

It is speculated that this move by Doodles may further expand its ecosystem, allowing tokens to play a key role in NFTs, physical collaboration products, and even metaverse experiences. It is worth noting that Doodles has collaborated with traditional brands such as McDonald's, Adidas, and Crocs this year, not only printing artworks on McDonald's holiday cups but also releasing limited edition clothing, toys, and digital experiences, actively bridging the communication channel between NFTs and physical culture. The emergence of tokens may further connect these diverse scenes.

Further reading 11/18 debut! McDonald's collaborates with Doodles to launch a co-branded cup, with a super cute design revealed in advance

Image source: McDonald's McDonald's collaborates with well-known Web3 brand Doodles to launch a limited festive series of products with the theme of 'GM Spread Joy'.

Cryptocurrency market is recovering, can NFT revive its popularity?

In the bull market atmosphere where Bitcoin broke through the all-time high, the crypto industry has a lot of good news, but the overall trading heat of the NFT market in recent months has been relatively sluggish. There are indications that established projects such as Doodles can use coin issuance and cross-border strategies as a catalyst to rekindle the interest of collectors and investors. The successful "pilot demonstration" of Pudgy Penguins allows the market to see the feasibility of NFT projects to create a closed-loop ecology with their own tokens, and also makes Doodles' coin issuance information particularly intriguing.

Overall, if Doodles can launch a complete set of community incentives and ecological interaction mechanisms through tokens, it will inject fresh momentum into the NFT market. Investors and players are closely watching Doodles' next official announcement; As for whether the token, once landed, will really broaden NFT application scenarios, restore market confidence and continue to push up the price, it remains to be seen. However, this news has added to the NFT market, showing that in the ever-changing crypto world, established projects can still blossom with innovative strategies.

【Disclaimer】The market is risky, and investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, opinions or conclusions herein are appropriate for their particular circumstances. Invest accordingly at your own risk.

"Keep up with the fat penguins? Doodles NFT hints that it will issue coins, and floor prices skyrocket 80%!" This article was first published in 'Crypto City'