NFT Boom Alert: Doodles Skyrockets 500% as Sales Hit $115M—What’s Next?
NFT sales soar 10.6% to $115M, with Doodles rallying 500%. Is this the start of a new crypto craze?
The NFT market is heating up again. On May 11, 2025, NFT sales climbed 10.6% to $115 million, marking a second straight week of growth, according to CryptoSlam. Leading the charge, Doodles—a popular NFT collection—saw its value surge by an astonishing 500%, driven by its recent DOOD token airdrop on Solana. But behind the hype, there’s a story of volatility and shifting trends that new investors should understand.
What’s fueling this surge? Doodles’ rally began with a 97% sales spike to $1.1 million on May 8, ahead of its May 9 airdrop, where NFT holders received 30% of the DOOD token supply. However, the token’s value crashed post-launch, and Doodles NFTs dropped 60% to 1.5 ETH each by May 9, per OpenSea data. The broader NFT market’s growth, alongside Bitcoin’s climb to $103,000, reflects renewed investor interest. Yet, participation is down—buyers fell 76.8% to 126,075, suggesting bigger trades by fewer players.
What does this mean? For beginners, the NFT boom offers opportunity but also risk. Doodles’ 500% rally is eye-catching, but its post-airdrop crash shows how quickly gains can vanish. The market’s $115 million sales volume is promising, yet declining participation hints at a less inclusive rally. Broader crypto trends, like Bitcoin’s “digital gold” narrative, may be drawing investors to NFTs, but volatility remains a concern. Projects like Pudgy Penguins also rallied, with PENGU up 300%, showing the trend isn’t isolated.
What should you do? Approach NFTs cautiously—research projects thoroughly, start small, and diversify. The hype is real, but so are the risks of sudden drops.
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NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
