TL;DR

Doodles’ DOOD token launch drops NFT floor 82%; Pudgy Penguins’ $PENGU airdrop, Adidas Sui NFT drop.

Highlights

• Doodles launched 10B DOOD token on Solana; DOOD price fell 70% on debut; Doodles NFT floor dropped below 1 ETH (down 82%) 1.
• Pudgy Penguins launched $PENGU with a major airdrop, rapid Robinhood and Upbit listings, and a free mint NFT (1,000 supply) set for May 17 7.
• MapleStory Universe’s free NFT mint on OpenSea saw 84,750 mints; requires AVAX wallet; mint includes in-game item airdrops 8.
• SNS announced $SNS token launch with a 40% airdrop to .sol domain owners; $DOOD airdrop claims began May 9 9.
• Solana led all blockchains in DEX volume, network revenue, and stablecoin supply in April; Axiom Exchange overtook PumpFun as top Solana protocol by revenue 3.
• Sui Network surpassed $11B market cap, $SUI above $3; Adidas partnered with Xociety for a 2,600 NFT apparel drop on Sui 46.
• Meta plans to enable stablecoin payments for 3.35B users across Facebook, Instagram, and WhatsApp 5.
• Securitize secured Jump Crypto investment, will launch Converge blockchain with Ethena Labs for institutional DeFi; SEC roundtable on tokenization scheduled 5.
• SOL Strategies to explore tokenizing SEC-registered shares on Solana via Superstate’s Opening Bell platform 5.
• Tari mainnet launched as a privacy-focused PoW blockchain after seven years; mining live from block 14 11.
• ClickCreate.io sold out Hafftka’s “Centaur” NFT (25 editions at 0.02969 ETH); secondary trading expected 10.

Commentary

This week, NFT markets saw significant token launches and airdrop activity, most notably Doodles’ DOOD token debut on Solana; the sharp 70% drop in DOOD’s price and the 82% decline in the Doodles NFT floor highlight the risks of token launches for existing NFT holders, especially when airdrop mechanics and cross-chain moves are involved 1. In contrast, Pudgy Penguins’ $PENGU launch demonstrated strong community engagement, with major exchange listings and a free mint NFT scheduled, suggesting that well-coordinated launches with clear utility can still drive positive momentum 7.

On the infrastructure front, Solana continues to lead in DEX volume, network revenue, and stablecoin growth, with new protocols like Axiom Exchange and PumpFun reshaping the ecosystem’s revenue dynamics 3. Sui Network ’s growth—marked by a $3+ token and an Adidas NFT collaboration—signals increasing mainstream brand involvement and the rising relevance of gaming-driven NFT drops 46. The SNS token airdrop and MapleStory Universe’s large-scale free NFT mint further emphasize the continued appeal of airdrops and gaming integrations for user acquisition 89.

Meta’s plan to enable stablecoin payments for billions of users and Securitize’s institutional DeFi initiatives indicate that mainstream and institutional adoption of blockchain assets is accelerating 5. The exploration of tokenized public shares by SOL Strategies and the launch of privacy-focused blockchains like Tari reflect ongoing innovation in both compliance and privacy, though their direct impact on NFT markets remains to be seen 511.

For NFT collectors and investors, the landscape remains highly event-driven. Monitoring major token launches, airdrops, and branded NFT collaborations is critical, as these events can drive significant shifts in both floor prices and user engagement. The intersection of NFTs with DeFi, gaming, and real-world asset tokenization continues to expand, offering new opportunities but also requiring careful attention to project fundamentals and market sentiment.