On October 7, Gate users witnessed the crazy movement of the DOOD token—affected by the announcement of listing on Upbit, South Korea’s largest cryptocurrency exchange, the price of DOOD surged approximately 100% in a short period, reaching a level of 0.0124 USD at one point.
Meanwhile, a sharp Whale investor quickly seized the opportunity to exchange 143.35 million DOOD for 2.27 million USDC, successfully pocketing a profit of 1.7 million dollars.
01 Upbit Listing: The Fuse that Ignited the Big Pump of DOOD
Upbit, as the largest cryptocurrency exchange in South Korea, often makes listing decisions that can significantly change the short-term fate of tokens.
On October 7th, Upbit officially announced that it will list the trading pairs Doodles (DOOD) with South Korean Won (KRW) and Tether (USDT), and plans to launch trading at 4:30 PM local time.
The market reacted quickly and violently. After the announcement, the price of DOOD soared rapidly, with a maximum rise of an astonishing 114%.
This phenomenon perfectly illustrates the widely known "Upbit Effect" in the cryptocurrency circle—where tokens typically experience a price surge after being listed on the exchange.
BlockBeats’ market data also confirmed that DOOD briefly broke through 0.0124 USD at that time, fully demonstrating the market’s positive reaction to the Upbit listing news.
02 Whale Movements: Precise Operations and Huge Profit Taking
Behind the big pump of DOOD price, the activities of Whale investors are particularly noteworthy.
According to data shared by OnchainLens, a Whale investor quickly sold 143.35 million tokens after DOOD’s big pump of 125%.
This transaction brought the investor an income of 2.27 million USDC, with a realized profit of about 1.7 million dollars.
The details of this transaction are even more amazing: the Whale purchased these DOOD tokens for $570,000 just 14 days ago, which means a nearly 4-fold return on investment in just two weeks.
From an entry average price of about 0.004 USD to an exit average price of about 0.0158 USD, this precise operation demonstrates the ability of large investors to grasp market timing.
03 DOOD Ecosystem: Ambitions from NFT to Web3 Entertainment Platform
DOOD is not just another meme token; it is the official utility and governance token of the Doodles NFT ecosystem.
The Doodles project started with a popular Ethereum NFT series created by Canadian artist Burnt Toast and former CryptoKitties members, consisting of 10,000 colorful avatars.
On May 9, 2025, DOOD officially on Solana Launched as an SPL token on the network, marking the project’s transition from a single NFT collection to a comprehensive one. Web3 Entertainment platform transformation.
The total supply of DOOD tokens is 10 billion, of which 7.8 billion are currently in circulation.
In the token distribution, 68% is allocated to community incentives, airdrops, and creator rewards, 13% is allocated to user growth under the "New Blood" program, and 19% is reserved for the team and investors (with a lock-up period).
The core of the Doodles strategy is DreamOS—a decentralized platform that integrates AI narratives, games, avatars, and content creation.
The DOOD token serves as the fuel for this ecosystem, allowing holders to participate in governance voting, earn rewards, unlock special items and premium content, and be used as the primary currency throughout the Doodles universe.
04 Price History: Volatile Fluctuations and Market Tests
Since its inception, DOOD has experienced the typical violent price fluctuations of the cryptocurrency market.
In early May, DOOD reached a high of 0.01314 USD, and then quickly retraced to around 0.002 USD, with a drop of about 85% from its peak.
By mid-July, the trading price of DOOD ranged from 0.0039 to 0.0042 USD, showing a reassessment of the token’s value by the market after the initial enthusiasm cooled.
In early June, traders observed that DOOD formed a trading range between $0.00272 and $0.00315, with a neutral-bullish RSI position and solid trading volume indicating sustained trader interest.
An analysis from February recorded the event where DOOD liquidated a short position of $2,110 at $0.00676, indicating a possible squeeze setup, as the short leverage was cleared and bulls intervened to push the price up.
The big pump triggered by the Upbit listing has caused the price of DOOD to reach a high point in recent months, rising nearly 6 times from the low in May, showcasing the extreme price volatility of the cryptocurrency market.
05 Market Opportunities: Trading Strategies and Risk Considerations
For traders interested in DOOD, the current market offers specific opportunities and risks.
Historical data shows that tokens like DOOD often experience significant trading activity and new capital inflow after being listed on major exchanges.
The accessibility brought by Upbit’s listing, especially with the trading pairs in Korean won, usually exposes the tokens to the strong retail trading demand in Korea.
From a technical analysis perspective, traders should closely monitor the price reaction around $0.0124 — the peak reached after the Upbit news.
On the upside, if this level is broken and continues to rise, it may open the way to $0.0158 (Whale exit average price) or even higher levels.
On the downside, the $0.0080-$0.0085 region may form key support, and a drop below $0.00775 could further test the $0.0075-$0.0073 region.
However, traders must be aware that DOOD is still a highly speculative asset, and its price fluctuations can be extremely volatile.
The behavior of whales taking profits after a big pump also reminds us that large investors may be more inclined to lock in profits when liquidity is abundant, putting pressure on future prices.
Future Outlook
Looking at the market performance of DOOD, its price trajectory is filled with the typical characteristics of the cryptocurrency market - experiencing severe fluctuations in the early stages after its release, exploding due to significant positive news, and then coming under pressure as Whales take profits.
The Doodles project is working hard to create much more than just an NFT series – the DreamOS platform, brand partnerships, and ongoing community building are all trying to inject value into the DOOD token that goes beyond mere speculative demand.
For ordinary investors, the future performance of the DOOD token depends not only on market sentiment but also on whether the Doodles ecosystem can truly realize its vision of a Web3 entertainment empire.
