What Is Doodles (DOOD)? How It Works, Tokenomics and Risks

Doodles is a crypto token from Doodles LLC, a company originally known for its colorful cartoon NFT collection that now positions itself as an entertainment business. DOOD circulates on two networks at once, BNB Chain and Solana, with a market cap of around $14.73 million as of October 23, 2026. On Binance Futures, it trades under the DOODUSDT contract, which sees daily volume far larger than its spot market.

DOOD at a glance

As of October 23, 2026.

The problem it aims to solve

Doodles LLC isn't a blockchain infrastructure project or a DeFi protocol. According to its official profile, the company describes itself as a "next-generation entertainment company" built around immersive storytelling, spanning live events, digital experiences, original content, and lifestyle merchandise. That means DOOD was built to bridge the existing Doodles NFT fanbase with a broader digital economy, rather than to fix a technical problem like network scalability or transaction costs.

Profile-picture (PFP) NFT projects like Doodles commonly face a similar challenge once the initial hype cools down: how to retain community value and monetize their character IP over the long run. DOOD is one of the tools Doodles is using to move into that next phase, linking NFT holders and fans to on-chain utility alongside access to the entertainment ecosystem the company is building.

How Doodles works

DOOD runs on two blockchains at once, BNB Chain and Solana, according to CoinGecko data. That means DOOD isn't a native token of its own chain, but rather a token issued on top of existing infrastructure, likely using the BEP-20 standard on BNB Chain and SPL on Solana. This multi-chain approach is common among projects that want to reach trading communities across several ecosystems without building their own network from scratch.

The sources we checked don't detail the technical mechanics of staking, on-chain governance voting, or the specific smart contracts running DOOD. The only information available is its on-chain categorization from CoinGecko: Entertainment, NFT, BNB Chain Ecosystem, Solana Ecosystem, Doodles LLC, and Airdropped Tokens by NFT Projects. That last category suggests the token was likely first distributed via airdrop to the Doodles NFT holder community before becoming freely tradable on exchanges.

What DOOD is used for

Based on available sources, DOOD is categorized as a token tied to entertainment and NFTs under the Doodles LLC umbrella. Specific details on whether DOOD grants access to exclusive content, event tickets, lifestyle product purchases, or simply functions as a community loyalty reward token aren't spelled out in the sources we checked. What is clear is that the token falls under "Airdropped Tokens by NFT Projects," which typically means its initial distribution was free, handed to the NFT holder community as an incentive, before it became tradable on the open market, including via the DOODUSDT contract on Binance Futures.

DOOD tokenomics

Supply data as of October 23, 2026: circulating supply of 7.80 billion tokens, total supply of 10.00 billion, and max supply also at 10.00 billion. With a fully diluted valuation (FDV) of $18.89 million against a market cap of $14.73 million, that implies roughly 78% of the maximum supply is already in circulation, leaving around 2.2 billion tokens, or 22%, yet to be released.

The sources we checked don't break down allocations to the team, investors, treasury, or community, nor do they mention an unlock schedule for the remaining 22% of supply, or any burn or inflation mechanism. The full tokenomics details haven't been published in the sources we checked, so traders should be cautious when assessing potential sell pressure from that uncirculated portion.

Team, funding and brief history

The sources we checked only name Doodles LLC as the entity behind this token, without detailing individual founders, funding rounds, or a list of investors. The project's public code repository is listed on GitHub under the account name Doodles, and its official social media account on X is @doodles. Other details, such as the exact token launch date, genesis date, or funding story, aren't available in the data we used for this article.

Market and on-chain data

According to CoinGecko as of October 23, 2026, DOOD trades at $0.00189 with a market cap of $14.73 million, placing it at rank 989 by market capitalization. FDV stands at $18.89 million and 24-hour trading volume at $32.16 million. DOOD's all-time high (ATH) is $0.01753, reached on October 6, 2025. Based on that figure, the current price sits roughly 89% below that peak. Over the past 30 days, spot price dropped 3.7%, and over the past year it fell 68.9%.

Data from Binance Futures paints a slightly different picture since it reflects the futures contract price rather than CoinGecko's aggregated global spot price. The DOODUSDT contract trades at 0.001886, down 14.31% over the past 24 hours, with daily volume of $74.3 million, far exceeding the combined spot volume of $32.16 million reported by CoinGecko. This shows that most of DOOD's daily trading activity is happening in the leveraged futures market rather than on regular spot exchanges.

DOODUSDT's funding rate is recorded at -0.0030% per period. Funding rate is a periodic payment exchanged between long and short traders in perpetual futures markets to keep the contract price close to spot price. This small negative figure means short traders are paying a bit to long traders, suggesting a slightly bearish tilt in leveraged market sentiment, though not an extreme one.

Open interest on DOODUSDT stands at $7.5 million, up 114% over the past 30 days. Open interest measures the total value of futures contracts still open, meaning not yet closed. More than doubling within a month signals that significantly more leveraged capital has flowed into DOOD recently. Meanwhile, 69% of accounts on Binance Futures currently hold long positions, betting on price increases, with the remaining 31% short. Over the same period, DOOD's futures price rose 1.0% over 30 days and 24.0% over 90 days, differing from CoinGecko's spot data showing a 3.7% decline over 30 days. This discrepancy likely stems from differences in data snapshot timing and the price sources each platform uses.

Competitors

DOOD risks

DOOD's modest market cap of $14.73 million and low rank at 989 make it a crypto asset with limited liquidity and high volatility. The price has already fallen roughly 89% from its October 2025 ATH and dropped 68.9% over the past year according to CoinGecko, a pattern common among small-cap tokens once initial hype fades.

DOODUSDT's futures trading volume of $74.3 million per 24 hours far exceeds its spot market cap of $14.73 million and spot volume of $32.16 million. That ratio suggests most of DOOD's activity is speculative leverage trading rather than real spot buying, which can produce much sharper two-way price swings compared to tokens with a more dominant spot base.

Open interest surging 114% over 30 days while futures price stayed relatively flat (+1%) could indicate leveraged positions piling up on both sides of the market. That kind of setup risks triggering cascading liquidations if price moves sharply in either direction. With 69% of accounts holding long positions, a long squeeze risk is worth watching, a scenario where a sudden price drop forces many long positions to liquidate at once, accelerating the decline.

On the tokenomics side, around 2.2 billion tokens, or 22% of DOOD's maximum supply, remain uncirculated, and the sources we checked don't detail a release schedule for them. That lack of clarity makes future sell pressure hard for traders to predict. Additionally, DOOD's value appears closely tied to the popularity of the Doodles entertainment brand itself, so if community interest in the characters or the NFT project wanes, the token's value could come under pressure as well.

Finally, since DOOD circulates on two different networks, traders moving assets between BNB Chain and Solana should pay attention to technical risks related to bridging or how the token is represented on each chain. Like crypto assets generally, DOOD also remains exposed to regulatory risk across jurisdictions, including the possibility of reclassification by authorities regarding community-driven NFT and digital entertainment tokens.

How to buy and trade DOOD in Indonesia

In Indonesia, crypto asset trading including tokens like DOOD falls under the supervision of Otoritas Jasa Keuangan (OJK), after oversight authority shifted from Bappebti. Transactions should go through an exchange that is registered and supervised by OJK to ensure adequate consumer protection.

For leveraged trading such as the Binance Futures DOODUSDT contract, liquidation risk is considerably higher than buying directly on the spot market, especially for a small-cap, high-volatility token like DOOD. The negative funding rate and the 69% long-account ratio discussed in the market data section above can serve as early signals before deciding to use leverage, given that lopsided positioning carries the risk of triggering sharp moves during mass liquidations.

What it means for traders

Traders tracking DOOD can watch a few concrete levels and signals. On the spot side, the current price of $0.00189 sits about 89% below the $0.01753 ATH from October 6, 2025, a gap worth monitoring for any signs of a sustained recovery versus continued drift lower. The 24-hour futures volume of $74.3 million dwarfing the $14.73 million market cap is a liquidity signal, meaning price swings on DOODUSDT can be sharp relative to the token's actual market size.

Open interest jumping 114% in 30 days to $7.5 million while price stayed close to flat is worth tracking for buildup of leveraged positions that could unwind quickly. With 69% of accounts long and funding rate slightly negative at -0.0030%, a sudden drop could trigger a cascade of long liquidations, something leverage traders should factor into position sizing and stop-loss placement. It's also worth watching whether any unlock schedule for the remaining 22% of uncirculated supply gets disclosed, since that detail hasn't been published in the sources checked for this article.

FAQ

Is DOOD legal to trade in Indonesia?

Crypto assets including DOOD can be traded in Indonesia as long as it's done through an exchange registered and supervised by OJK. Make sure the platform holds the proper license before transacting.

What is DOOD's maximum supply?

DOOD's maximum supply is 10 billion tokens, matching its total supply. As of October 23, 2026, around 7.80 billion tokens or 78% are already in circulation.

How is DOOD different from ApeCoin (APE) or Pudgy Penguins (PENGU)?

All three originated from NFT communities, but DOOD circulates on two networks at once, BNB Chain and Solana, while ApeCoin is native to Ethereum and PENGU lives on Solana. Doodles itself is positioned more as an entertainment and content brand under Doodles LLC.

Why has DOOD's price dropped so far from its all-time high?

DOOD currently trades about 89% below its ATH of $0.01753 set on October 6, 2025, according to CoinGecko. The drop fits a pattern common among small-cap tokens that cool off sharply after initial hype.

Which networks can DOOD be found on?

DOOD is listed as circulating on two networks, BNB Chain and Solana, based on CoinGecko data.

Is there a DOOD futures contract on Binance?

Yes, the contract is called DOODUSDT on Binance Futures, complete with funding rate and open interest data traders can track.