Dogelon Mars ELON/USD — a Dogecoin DOGE/USD knockoff — has fallen back after a brief stint among the ten most-purchased cryptocurrencies by Ethereum ETH/USD whales.
What Happened: Dogelon Mars was among the top-ten most purchased cryptocurrencies by the 1,000 biggest Ethereum whales, cryptocurrency data platform WhaleStats said in a tweet earlier on Wednesday.
However, the coin has since slipped and does not find a place among the ten most-purchased tokens by the Ethereum whales as at press time, according to WhaleStats data.
The 1,000 largest Ethereum wallets are worth an average of $158.17 million and have an average of 40,458 ETH, 36 tokens and one non-fungible token (NFT).
See Also: How To Buy Dogelon Mars (ELON)
Why It Matters: Dogelon Mars — whose name is a combination of Dogecoin and Tesla Inc. TSLA CEO Elon Musk — is a dog-themed meme coin on Ethereum and Polygon MATIC/USD.
The Dogelon Mars team said in November last year that the next stage of development would bring decentralized finance (DeFi) and staking capabilities to the token.
Price Action: Dogelon Mars is up 4.2% during the past 24 hours, trading at $0.000001099 at press time.
Read Next: This P2E Metaverse Meme Coin Is Up Over 700% Today, Outperforming Dogecoin And Shiba Inu
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
