Well-known NFT project Doodles seems to be brewing a big move! Founder Burnt Toast (real name Scott Martin) published a mysterious post on the social platform X early this morning (20th), with only a few sentences in it:
take ownership, keep evolving new ideas, shape communities, open minds, inspire new growth.
(Take the initiative, continue to innovate, shape the community, expand thinking, and inspire growth)
take ownership, keep evolving new ideas, shape communities, open minds, inspire new growth pic.twitter.com/iEBabGfwh3
— burnt toast (@burnttoast) December 19, 2024
This seemingly ordinary statement sparked significant attention, as community members quickly 'decoded' and found that if you spell out the first letters of these words, it spells 'Token is Coming,' leading to speculation that Doodles might be planning to launch its own token.
Market Booms: Doodles Floor Price Soars
Once the post was published, it immediately ignited market enthusiasm. CoinGecko data shows that Doodles' floor price surged from the original 4.3 ETH to 7.7 ETH at the time of writing, an increase of nearly 80%.
With this wave of price increase, Doodles also firmly secured the 6th position in the NFT market capitalization ranking, reaching a scale of about $220 million.
Cross-industry collaborations assist
The popularity of Doodles not only stems from this mysterious post, but also from several high-profile cross-industry collaborations that have been the talk of the town.
Last month, Doodles partnered with McDonald's to launch the 'GM Spread Joy' campaign, allowing Doodles' illustrated art to appear on over 100 million limited edition McCafé holiday coffee cups across the United States.
Additionally, Doodles has collaborated with brands such as Adidas and Crocs to launch exclusive co-branded apparel, toys, and digital interactive experiences, further solidifying its brand influence.
New Trends in the NFT Market: The Rise of Token Ecosystems
If the speculation that Doodles will issue a token is true, this will be another major work in the NFT market's 'token ecosystem' boom.
Earlier, the similarly popular NFT project Pudgy Penguins launched its native token PENGU. Although the price soared after the airdrop, it subsequently retraced by more than 50%.
"The community is excited that 'tokens are coming'! Doodles founder's 'mysterious post' ignites a surge in NFT floor prices" was first published on (Blocker).
