Airdrop activity heats up with SXT, RIZE, and DOOD tokens attracting investor attention

Airdrop activity continues to heat up, with three newly launched tokens—SXT, RIZE, and DOOD—drawing investor attention in the fourth week of May.

The fourth week of May saw a flurry of activity in the realm of airdrops, as three newly launched tokens—SXT, RIZE, and DOOD—captured investor attention.

Space and Time launched its SXT token with an airdrop as a part of the new Chainlink rewards program. The airdrop, scheduled for May 8, 2025, will be rolling out in two batches, with each batch allocating 100 million SXT tokens to eligible users.

These users are participants in the Chainlink ecosystem, including LINK stakers, users who engaged in Space and Time’s testnet, and held Community NFTs. Also, the SXT airdrop claim will be live until June 22.

SXT has been on the move since its airdrop, and if the correction continues, it could soon start trading below $0.10. It needs a strong buying pressure to return to levels around $0.126, and if that one is broken, it could rise back to test the resistance around $0.163.

RIZE is the native utility token of Rizenet, a decentralized platform focused on tokenizing real-world assets (RWAs), decentralized AI (DeAI), and DeFi.

The $RIZE token has several key functions: it pays for tokenization services, grants access to tokenized assets, enables governance through token locking, and rewards contributions to decentralized AI models. RIZE is currently live on Kraken and Aerodrome.

From a technical perspective, the RIZE token stands at a critical juncture. If it manages to penetrate the overhead resistance at $0.064, bullish momentum could propel the token toward the $0.10 region once more.

However, failure to maintain its current support at $0.0485 may trigger a downside move, potentially leading to a breach of the $0.040 support level.

Doodles is a well-known NFT collection, initially recognized for its colorful, hand-drawn characters and a strong sense of community.

The collection recently launched its own token, DOOD, marking its entry into the growing trend of NFT-native tokens—a path first carved out by Bored Ape Yacht Club with APE and later followed by Pudgy Penguins with the PENGU token in 2024.

Despite the initial hype surrounding the DOOD airdrop, the token has struggled to maintain upward momentum, falling 35% over the last five days.

The price action now pivots around a key resistance zone at $0.0052—a break above this level would be needed to signal a potential recovery and open the door for a move toward $0.00735.

But if the bears continue to exert pressure, we might see DOOD pierce through the $0.0040 support, setting new lows and decreasing market confidence.