The NFT community is buzzing with speculation about a potential token launch by the Doodles collection. The trigger was a cryptic message from the project’s founder, artist BurntToast, which users believe hides the phrase “Token Is Coming.” This news has sparked renewed interest in the collection, leading to a positive impact on its price.
What’s Known
A recent message posted on December 19 by one of the Doodles creators, artist BurntToast, has given the community hope. The mysterious phrase, allegedly formed by taking the first letter of each word, spells out “Token Is Coming.” Many in the market interpret this as a hint that a Doodles token launch may be imminent.
This development acted as a catalyst for a significant jump in the Doodles’ floor price, soaring nearly 70% in 24 hours to 6.75 ETH (~$22,200).
Speculation about a possible Doodles token launch gained traction following the success of Pudgy Penguins’ PENGU token, which became one of the largest airdrops in NFT history. PENGU attracted attention due to its massive distribution, allocating about 36.8% of all tokens to roughly seven million wallets, each receiving an average of 6,000 PENGU.
However, the PENGU launch wasn’t without issues. After listing on Binance, technical problems arose, prompting the company to distribute an additional 135 million tokens as compensation for listing-related disruptions.
Previously, participants in the ME airdrop from Magic Eden encountered similar difficulties. Some users reported being unable to use their wallets despite having funds available to pay fees.
It’s worth noting that Doodles previously partnered with McDonald’s, which influenced the collection’s price, pushing it up to 2.66 ETH at the time. As for the rumored token launch, if confirmed, it’s likely to draw even more attention to the Doodles collection.
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