Doodles airdrops meme coin Poop, founder says market will refocus on NFTs

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Doodles Announces Airdrop of Meme Coin Poop

Co-founder of Doodles, Poopie Jordan Castro, announced an airdrop of the meme coin Poopcoin poop for NFT holders on the Base public chain, but the coin's price was cut in half in less than a day.

Poop dropped from $0.0176 to $0.008, with trading volume peaking at $60 million and a market cap reaching $7 million before sharply declining.

The eligibility for the Poop airdrop includes Doodles holders, early minters, and others.

Founder Poopie also referenced Vitalik's recent commentary on meme coins. Vitalik pointed out in the article that meme coins combined with charity, interesting blockchain games, and other factors are better than simply pumping up the coin price, but it is unclear which category Poopcoin poop falls into.

Vitalik on the Chaos of Meme Coins: Respecting the Hype, Hoping to Witness Higher-Quality Projects

meme coins are $poop

poopie: returned ✅
snapshot: taken ✅
holders: airdropped ✅
LP: added & burned ✅https://t.co/oxgWy2MOlL https://t.co/E8FkvL9gUD

— poopie (@poopie) March 30, 2024

Doodles Co-founder: NFTs Will Return to Glory

Poopie tweeted after announcing the airdrop:

In the long run, the sustainability of a project outweighs short-term attention. The team has not stopped working on things, and NFTs with excellent fundamentals have not changed since the last bull market cycle. For me, my goal is to position early and continue to accumulate, rather than just following the trend.

staying power trumps attention over the long term

teams haven't stopped building and NFTs with distinguished provenance haven't changed

as with last cycle, attention will return to NFTs

for me, i aim to be ahead of the crowd rotating and have been quietly accumulating 🧐 https://t.co/aye9fFudja

— poopie (@poopie) March 31, 2024