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Binance is turning up the heat in the meme coin market with the official launch of the Doodles (DOOD) airdrop and futures trading. The exchange unveiled the eligibility criteria for two rounds of airdrops, specifically targeting holders of select meme tokens. Meanwhile, Binance has also rolled out DOODUSDT perpetual contracts, allowing traders to leverage the token up to 50x.
Who Qualifies for the DOOD Airdrop?
In a major announcement on May 9, Binance disclosed that holders of the following meme coins are eligible for the first round of DOOD airdrops:
- Mubarak (MUBARAK)
- CZ’s Dog (BROCCOLI714)
- Baby DogeCoin (1MBABYDOGE)
- Test (TST)
The snapshot was taken on May 7 at 00:00 UTC, with the top 40,000 users based on combined holdings receiving DOOD tokens in their Spot wallets. A second airdrop will target KOMA holders, with the top 10,000 wallets qualifying. KYC verification is mandatory for both rounds of the airdrop.
Also Read: PEPE Coin Breaks 200 EMA with 35% Rally – Will Binance Traders’ 22% Target Hold?
DOOD Futures Trading Launches
Starting May 9, Binance has also launched DOODUSDT perpetual contracts, offering traders up to 50x leverage. This move underscores Binance’s strategic push to position DOOD as a viable trading asset amid the broader market rally, with Bitcoin trading at a record $102,000. The introduction of DOOD futures gives traders the chance to capitalize on the growing momentum surrounding the meme coin sector.
Final Thoughts: Airdrop as a Catalyst for DOOD’s Growth?
The DOOD airdrop is more than just free tokens—it’s a strategic play by Binance to draw attention to emerging meme coins. By including holders of quirky tokens like BROCCOLI714 and KOMA, Binance is positioning itself as a launchpad for speculative assets with viral potential. As the market remains in a bullish stance, all eyes will be on DOOD to see if it can sustain the hype and deliver notable returns to its early adopters.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
