Doodles Token $DOOD Launched by Moonshot on Solana

Doodles announced the launch of its new token, $DOOD, on May 9, 2025, through official channels. The deployment is on the Solana network, marking the project’s expansion into Web3 from NFT roots.

Moonshot’s Strategic Move

Moonshot’s launch of the Doodles ($DOOD) token on Solana represents a significant move from its NFT-focused origins. This announcement was made via official channels on May 9, 2025. Binance’s involvement, including high-leverage trading options, underscores the institutional support for $DOOD. Meanwhile, the choice of Solana enhances the ecosystem’s liquidity and expands Doodles’ community engagement.

Market Reactions and Financial Implications

Immediate market reactions include strong liquidity incentives and significant trading volumes on Solana. The introduction of $DOOD incentivizes existing NFT holders and new entrants through structured distribution and community engagement programs.

Financial implications are robust, with Binance confirming trading options, injecting liquidity into the market. The Solana network benefits from increased on-chain activity due to the $DOOD deployment. As per BONKbot, the Official Solana Trading Automation Platform, “The most active traders on BONKbot will be getting allo for the $DOOD airdrop… it will be live on Solana. The more active you are, the higher your chances of securing a spot for the airdrop.”

Potential Outcomes

Potential outcomes include strengthened Solana infrastructure due to high trading activity and airdrop incentives. Historically, similar launches by NFT-native brands have led to rapid price discovery and DeFi integrations. Moonshot’s strategy may potentially shift competition within the broader Web3 landscape.