Breaking News: Doodles Token Goes Bonkers!

Hey folks, gather around! We’ve got a wild ride in the crypto world as the DOOD token, the cool cat of the Doodles NFT collection, just blasted off into the stratosphere! On Tuesday, October 7th, our quirky little friend got some serious attention after it was revealed that the South Korean crypto exchange, Upbit, decided to give it a VIP listing. Talk about a power move!

What Went Down at Upbit?

So, picture this: Upbit, in an electrifying social media post, announced that DOOD would now be available to trade with Korean won (KRW) and the ever-popular Tether’s USDT. And what happened next? You guessed it—DOOD skyrocketed by over 110%, reaching a dazzling new all-time high of $0.01753! But hold your horses, because just as quickly as it zoomed up, it came crashing back down, dipping 36% as of the latest updates from CoinGecko. Honestly, DOOD is like that roller coaster you can’t get enough of!

Upbit: The New DOOD Hotspot

With this exciting news, Upbit became the go-to playground for DOOD trading, racking up a whopping 66% of the global trading volume with around $190 million exchanged in the DOOD/KRW pair. That’s right, it completely overshadowed rivals like Bybit and Gate, which had us all saying, “Talk about a trading takeover!”

NFT Mania: Doodles Pop Off!

And guess what? The Doodles NFT collection wasn’t just seeing green in token prices; everything was hopping! The trading volume for Doodles exploded by a staggering 218% the same day, with sales climbing up more than 190%. If that doesn’t scream “party time,” I don’t know what does!

The DOOD Token Story

Now, let’s rewind a bit. Doodles launched the DOOD token back in May, aiming to shake things up beyond just NFTs; they wanted to get more players in the game! According to the inside scoop on their tokenomics, a cool 30% of the supply was airdropped to the lucky existing Doodles holders. Meanwhile, they set aside 13% for their “New Blood” initiative to reel in fresh faces into the community.

Another 25% went to the Ecosystem Fund, ready to fuel collaborations and innovations within the vibrant Doodles universe. The team kept 17%, and no worries, they’ve got a one-year lock and a three-year vesting period to ensure they’re in it for the long haul! Finally, 10% was dedicated to liquidity, just to keep things flowing smoothly.

Naver’s Big Move

And just when you thought the news couldn’t get any spicier, here comes Naver! In September, it was reported that South Korea’s internet giant is eyeing Dunamu Inc.—Upbit’s operator—for a potential acquisition through a stock-swap deal. If it goes through, Naver will take Dunamu under its financial services wing, which means big changes could be on the horizon!

Naver isn’t just any tech giant; they’ve got over 30 million users using their nifty mobile payment service, Naver Pay, and an annual revenue that exceeds a jaw-dropping 11 trillion won. That’s around $8 billion for those counting in dollars!