The launch of Doodles token (DOOD) sparked significant interest in the crypto community, but the outcomes were unexpected.
Overview of Doodles Token (DOOD) Launch
The Doodles token (DOOD) was launched on May 9, 2025, and became available on platforms like Binance Alpha and Futures. However, rather than experiencing expected growth, the token's price dropped by 40%, surprising many users and investors.
Reasons for Price Drop
After its launch, the Doodles token started trading at around $0.01057 but rapidly fell. One of the possible reasons for this sharp decline was the absence of a listing on Binance's main exchange, leading to disappointment among many users. Thus, despite Binance's support at the Alpha and Futures levels, the lack of a full listing could have impacted the price. Additionally, significant selling pressure from original sellers also contributed to the token's price decline.
Future Prospects for DOOD Token
Currently, there is no official confirmation regarding a potential listing of DOOD on Binance's main platform. However, some analysts believe that a price increase might occur if the token maintains its position at current levels. Short-term forecasts indicate the possibility of testing the $0.010 mark if demand increases, although reaching the $1 milestone appears unlikely without a significant event.
The launch of Doodles token (DOOD) marked a significant event in the cryptocurrency space, yet the decline in its price emphasizes the risks associated with trading new tokens.
