Doodles Co-Founder Airdrops New Poopcoin Token to NFT Holders, Critics Cite Lack of Fair Distribution as Price Subsequently Crashes

Doodles co-founder Jordan Castro created a new "Poopcoin" (POOP) token and airdropped it to Doodles NFT holders before announcing it
Two wallets snapped up 38% of the total Poopcoin supply within minutes of launch, before most knew about it
One wallet seized 23.5% of supply, the other 15%; together worth $8M at launch
Prominent NFT collector Pranksy later claimed to be behind the 15% wallet, buying up tokens after seeing the airdrop
Poopcoin price has since crashed, now trading for less than half a cent per token down 65%