South Korea’s largest cryptocurrency exchange, Upbit, announced the listing of the Doodles (DOOD) token in KRW and USDT trading pairs. The asset operates on the Solana network, and deposits and withdrawals became available within two hours of the announcement. Trading began on October 7 at 16:30 local time.
The exchange issued standard warnings regarding new listings. During the first five minutes after launch, token purchases were blocked, and sell orders were restricted to no more than 10,000% below the previous day’s closing price. For the first two hours, users were allowed to place only limit orders.
Sharp Rise After Launch
After trading opened, the DOOD price spiked, showing a 186,000% increase. At the time of writing, the token is trading at $0.005639, according to Coinmarketcap.
Forty minutes before the Upbit listing, the asset had already entered the top spot purchases on the Bybit exchange, indicating early trader interest and heightened activity around the token.
About Doodles
The DOOD token is linked to the well-known Doodles NFT collection, one of the most recognizable on Ethereum. The project is developing an ecosystem where its intellectual property is used to create digital content, clothing, collectible figures, and other products, strengthening the brand’s presence both online and offline.
The Doodles team is also working on DreamNet, a platform aimed at the on-chain development of the project’s intellectual property. DreamNet allows users and AI to collaboratively create characters, locations, and items that are tokenized and recorded on the blockchain, forming an ever-expanding ecosystem.
According to the developers, DOOD is currently used for community participation, but once DreamNet launches, it will become the platform’s utility token, granting access to features and interactions within the ecosystem.
Read also:
- Doodles Launches DOOD Token and Prepares Airdrop for the Community – Details
- Doodles And Kellogg’s Sold Out All Froot Loops NFT Boxes In One Day
This post is for informational purposes only and is not advertising or investment advice. Please do your own research before making any decisions.