The Doodles NFT project has launched its native token, DOOD, on the Solana blockchain, with a total supply of 10 billion tokens. The DOOD token is now listed on major exchanges including Binance, Bybit, Gate.io, OpenSea, and Crypto.com, where it can be purchased with over 20 fiat currencies. DOOD debuted with a fully diluted valuation (FDV) reported between $78 million and $100 million, and an opening price of $0.0419. The token's price dropped over 70% to $0.0123 within hours, with its market cap falling to $65 million and trading at a $75 million FDV. A live airdrop distributed DOOD tokens to Doodles NFT holders, with initial allocations valued at approximately $1,500 to $1,800 per NFT and a total NFT holder value of $6,200, or about 2.8 ETH. Some holders reported receiving double their expected allocation, raising questions about potential airdrop errors. The floor price of Doodles NFTs on Ethereum dropped sharply from around 4 ETH to below 1 ETH after the airdrop, representing an 82.5% decline. Doodles NFTs traded under 1 ETH for the first time since the airdrop, following a recent CEO change in the project. The broader cryptocurrency market is experiencing a rotation from Bitcoin into altcoins, with memecoins such as Dogecoin and PepeCoin posting significant gains. Dogecoin surged over 27% in a week, reaching $0.225, a market capitalization above $35 billion, and open interest at $2.52 billion. Ethereum gained 32% over the week, and Bitcoin reclaimed $103,700, just 5% below its all-time high.