I did some math this morning and it looks like the market is currently valuing $DOOD at ~$150M USD FDV.

Current Doodles NFT floor price is $6.5k USD. The base allocation per Doodle (zero day staking) is 185,000 $DOOD.

For Pudgy Penguins and Azuki, the floor price on day 1 (post claim) dropped by an average of -58%. 

This would imply (everything equal) that the market currently values the 185,000 tokens at $2.9k USD or $0.015 USD per $DOOD token.

If you think $DOOD FDV will be higher then that, then Doodles NFTs could be a good buy here. If you think it’s lower, might make sense to de-risk.

TGE tomorrow.

Thoughts?

Interesting analysis! It seems like $DOOD tokens are currently undervalued based on the calculations. Exciting to see how the market will react post TGE. Looking forward to more updates on this trend!