Dogecoin Knockoff Named After Elon Musk Briefly Joined Top 10 Most Purchased Coins By Ethereum Whales

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.

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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.

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