Doodles' DOOD Token Rises 212% as Market Cap Reaches $38 Million
DOOD token jumps 212% as floor price climbs
The DOOD token tied to the Doodles NFT collection rose 212%, bringing its market cap to $38 million, according to The Defiant. Market cap is the total value of all tokens in circulation at the current price.
At the same time, the collection's NFT floor price increased 7.4% in ETH terms. The floor price is the lowest listed price for an item in a collection, and quoting it in ETH means the gain is measured in ether rather than US dollars.
Key numbers from the report
- DOOD token price change: up 212%
- DOOD market cap: $38 million
- Doodles NFT floor price: up 7.4% in ETH
- Reported token trading volume over 24 hours: $213 million
What the figures show
The reported 24-hour trading volume of $213 million is large compared with the token's $38 million market cap. The Defiant describes the volume as reported, meaning the figure comes from reported trading data rather than an independent audit.
What is confirmed
The reported figures come from a single source, The Defiant, which states the 212% token gain, the $38 million market cap, the 7.4% ETH floor price increase, and the $213 million in 24-hour trading volume.
What is still unclear
The supplied material does not explain what drove the price move, does not give exact prices, and does not specify the period over which the 212% gain was measured. No official statement from Doodles or from any exchange is included in the source material, so the reported figures have not been independently confirmed.