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Reddit Co-Founder Ohanian Leads $54M Funding for DOOD, Launches on Binance May 9: Can This Crypto Fairytale Ignite a 100x Rally?
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Reddit Co-Founder Ohanian Leads $54M Funding for DOOD, Launches on Binance May 9: Can This Crypto Fairytale Ignite a 100x Rally?
Base's Official Token Launch Turns into a Marketing Rollercoaster, MEME Coins Crash and Soar to New …
In the early hours of April 17, Base made a high-profile move by creating MEME coins such as "Base is for everyone." However, this carefully orchestrated attempt to reignite on-chain cultural enthusiasm quickly spiraled out of control, pushing Base into the eye of a public storm. Yet, in a surprising twist, as the "failures" were remixed and turned into viral memes, the MEME coin prices staged a dramatic V-shaped recovery, sending on-chain sentiment on a rollercoaster ride. Author: Nancy, PAN...
5 Charts to Decode Today’s Bitcoin Market: Where Exactly Are We?
$ERROR
Trump's Crypto Gamble: A Power Play of Politics, Money, and Technology
On March 6, 2025, U.S. President Donald Trump signed a landmark executive order announcing the establishment of a strategic Bitcoin reserve and the inclusion of other cryptocurrencies in the national digital asset reserve. This policy marks a significant strategic shift for the U.S. in the cryptocurrency space, aiming to solidify its position as the "global hub of cryptocurrency."Policy Content and DetailsTrump's executive order consists of two main components: the establishment of a Bitcoin ...
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The Birth of "Visual Cotton Candy": Crypto’s Disneyland
In 2021, three crypto veterans—Evan Keast and Jordan Castro (ex-Cryptokitties core team) and animator Scott Martin—launched Doodles with a vision: "Everyone deserves digital art ownership." Their universe of fiery creatures, pickle avatars, and popsicle-themed NFTs, dubbed "visual cotton candy," became NFT culture’s addictive "spiritual opium."
Holders didn’t just flex digital status—they voted on project roadmaps via Doodlebank (the community treasury) and co-developed spin-offs like Noodles and Space Doodles. This "players-as-shareholders" model amassed 5,000 loyalists, a $230M market cap, and blue-chip NFT status within two years.
Tokenomics: The 68% Cake That Sizzles
In February 2025, Doodles announced a 10B DOOD token supply, allocating 68% to the community. This meant NFT holders could claim airdrops worth 30K–60K—far exceeding floor prices. The market erupted:
24-hour trading volume surged 345%.
Floor price jumped from 4.44 ETH to 4.61 ETH.
Binance’s dual launch—Alpha Zone spot trading and 50x-leveraged DOOD/USDT perpetual contracts—added fuel. Eligible users also received airdrops, turning DOOD into a "financial lever" for retail investors eyeing 100x gains.
Ohanian’s Strategic Vision
In 2022, Reddit co-founder Alexis Ohanian led Doodles’ $54M Series A, dubbed a "crypto investment compass." Ohanian, a master of community-driven platforms, saw beyond Doodles’ artistry—he bet on its Web3 DNA.
DOOD tokens would empower holders to vote on treasury allocations, shape ecosystems, and share derivative profits. This "democratized governance" mirrored Reddit’s early UGC (user-generated content) ethos, positioning Doodles as a Web3 community lab.
A Vote of Confidence in Crypto Winter
Doodles’ 2022 fundraise amid a bear market signaled institutional faith. Acrew Capital, FTX Ventures, and others brought capital and resources: FTX’s trading infrastructure, Acrew’s Web3 networks.
As Ohanian declared: "Doodles isn’t an NFT project—it’s an entertainment empire in the making." This vision cast DOOD as a "disruptor" from day one.
A Global Spotlight
Binance, with 100M+ users and $100B+ daily volume, transformed Doodles from a niche NFT project into a global phenomenon. Its Alpha Zone and futures platform offered:
Unprecedented liquidity.
50x leverage for speculators.
Airdrops for free tokens.
DOOD could debut with billions in volume, becoming Binance’s "new darling."
The High-Stakes Leverage Game
But Binance’s stage cuts both ways. A 50x leverage multiplier means:
+1% price move = 50% profit for longs.
-2% drop = liquidation for shorts.
This "all-or-nothing" dynamic attracts gamblers but fuels volatility. Whales manipulate prices, draining retail margins—a "contract alchemy" zero-sum game.
Strategic Play: Solana & Cross-Chain Ambition
DOOD’s Solana launch was brilliant. Solana’s throughput and low fees attract NFT/DeFi projects. Doodles plans cross-chain bridges with Base, expanding DOOD’s reach to Ethereum Layer 2 networks.
If realized, DOOD becomes Web3’s entertainment infrastructure token—a "cross-chain passport."
Lessons from Blue-Chip Tokens’ Fall
But history warns: NFT tokens often stumble. Pengu’s FDV crashed from 6Bto800M; Anime plunged 80% from 1.4Bto270M. These cases reveal:
Short-term hype drives prices.
Long-term value hinges on execution.
Doodles has community and IP, but monetization remains unclear. Token unlock schedules and circulating supply also sparked debates.
The Sentiment Sword
In crypto, emotion outweighs fundamentals. DOOD’s 100x dream depends on narrative resonance. If Doodles delivers viral spin-offs (VR concerts, metaverse games) and celebrity endorsements, prices could skyrocket. But black swans—hacks, regulations, or fading hype—could trigger crashes.
As Gork’s 100x May 2025 rally collapsed due to lack of utility, DOOD’s fate depends on post-hype community engagement and ecosystem growth.
The Birth of "Visual Cotton Candy": Crypto’s Disneyland
In 2021, three crypto veterans—Evan Keast and Jordan Castro (ex-Cryptokitties core team) and animator Scott Martin—launched Doodles with a vision: "Everyone deserves digital art ownership." Their universe of fiery creatures, pickle avatars, and popsicle-themed NFTs, dubbed "visual cotton candy," became NFT culture’s addictive "spiritual opium."
Holders didn’t just flex digital status—they voted on project roadmaps via Doodlebank (the community treasury) and co-developed spin-offs like Noodles and Space Doodles. This "players-as-shareholders" model amassed 5,000 loyalists, a $230M market cap, and blue-chip NFT status within two years.
Tokenomics: The 68% Cake That Sizzles
In February 2025, Doodles announced a 10B DOOD token supply, allocating 68% to the community. This meant NFT holders could claim airdrops worth 30K–60K—far exceeding floor prices. The market erupted:
24-hour trading volume surged 345%.
Floor price jumped from 4.44 ETH to 4.61 ETH.
Binance’s dual launch—Alpha Zone spot trading and 50x-leveraged DOOD/USDT perpetual contracts—added fuel. Eligible users also received airdrops, turning DOOD into a "financial lever" for retail investors eyeing 100x gains.
Ohanian’s Strategic Vision
In 2022, Reddit co-founder Alexis Ohanian led Doodles’ $54M Series A, dubbed a "crypto investment compass." Ohanian, a master of community-driven platforms, saw beyond Doodles’ artistry—he bet on its Web3 DNA.
DOOD tokens would empower holders to vote on treasury allocations, shape ecosystems, and share derivative profits. This "democratized governance" mirrored Reddit’s early UGC (user-generated content) ethos, positioning Doodles as a Web3 community lab.
A Vote of Confidence in Crypto Winter
Doodles’ 2022 fundraise amid a bear market signaled institutional faith. Acrew Capital, FTX Ventures, and others brought capital and resources: FTX’s trading infrastructure, Acrew’s Web3 networks.
As Ohanian declared: "Doodles isn’t an NFT project—it’s an entertainment empire in the making." This vision cast DOOD as a "disruptor" from day one.
A Global Spotlight
Binance, with 100M+ users and $100B+ daily volume, transformed Doodles from a niche NFT project into a global phenomenon. Its Alpha Zone and futures platform offered:
Unprecedented liquidity.
50x leverage for speculators.
Airdrops for free tokens.
DOOD could debut with billions in volume, becoming Binance’s "new darling."
The High-Stakes Leverage Game
But Binance’s stage cuts both ways. A 50x leverage multiplier means:
+1% price move = 50% profit for longs.
-2% drop = liquidation for shorts.
This "all-or-nothing" dynamic attracts gamblers but fuels volatility. Whales manipulate prices, draining retail margins—a "contract alchemy" zero-sum game.
Strategic Play: Solana & Cross-Chain Ambition
DOOD’s Solana launch was brilliant. Solana’s throughput and low fees attract NFT/DeFi projects. Doodles plans cross-chain bridges with Base, expanding DOOD’s reach to Ethereum Layer 2 networks.
If realized, DOOD becomes Web3’s entertainment infrastructure token—a "cross-chain passport."
Lessons from Blue-Chip Tokens’ Fall
But history warns: NFT tokens often stumble. Pengu’s FDV crashed from 6Bto800M; Anime plunged 80% from 1.4Bto270M. These cases reveal:
Short-term hype drives prices.
Long-term value hinges on execution.
Doodles has community and IP, but monetization remains unclear. Token unlock schedules and circulating supply also sparked debates.
The Sentiment Sword
In crypto, emotion outweighs fundamentals. DOOD’s 100x dream depends on narrative resonance. If Doodles delivers viral spin-offs (VR concerts, metaverse games) and celebrity endorsements, prices could skyrocket. But black swans—hacks, regulations, or fading hype—could trigger crashes.
As Gork’s 100x May 2025 rally collapsed due to lack of utility, DOOD’s fate depends on post-hype community engagement and ecosystem growth.
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