Binance Launches DOOD Airdrop for Selected Meme Coin Holders and Introduces 50x Leveraged Futures Amid Rising Crypto Market
Binance has launched a DOOD token airdrop targeting holders of selected meme coins—MUBARAK, BROCCOLI714, 1MBABYDOGE, TST, and KOMA—leveraging strong market momentum led by Bitcoin. The initiative unfolds in two rounds: the first distributes DOOD tokens to the top 40,000 holders of MUBARAK, BROCCOLI714, TST, and 1MBABYDOGE based on a snapshot taken on May 7, with tokens delivered directly to Binance Spot Wallets. The second round exclusively rewards the top 10,000 KOMA holders, contingent on KYC verification. Alongside the airdrop, Binance has listed DOODUSDT perpetual futures with leverage up to 50x, providing traders opportunities to profit from DOOD price volatility. This move aligns with a surge in Doodles NFT sales and heightened investor interest in small-cap experimental tokens. Binance clarifies that airdrop participation does not guarantee a future DOOD spot listing. Crypto traders should ensure eligible meme coins are held in Spot Wallets and stay updated with Binance announcements. Overall, these actions highlight Binance’s commitment to supporting innovative meme coin projects and create new trading opportunities in an environment where Bitcoin recently surged past $102,000.
Bullish
The DOOD token airdrop and the addition of DOODUSDT futures with up to 50x leverage are likely to generate positive sentiment and increased trading activity for meme coins involved (such as MUBARAK, BROCCOLI714, 1MBABYDOGE, TST, and KOMA) and for DOOD itself. Such initiatives tend to drive demand as traders seek to qualify for airdrops and speculate on short-term volatility, especially amid a broader bullish environment led by Bitcoin’s rally past $102,000. The announcement may lead to price increases in the qualifying meme coins as market participants adjust positions ahead of the distribution snapshot, while futures listings allow for amplified trading volumes and volatility. Historically, Binance-backed airdrops and leveraged products have spurred both immediate price action and raised investor interest in newly spotlighted assets, supporting a bullish market view in the short to medium term.