The value of a competitor to Shiba Inu (SHIB) and Dogecoin (DOGE) has skyrocketed this week, there Bitcoin and numerous other crypto projects have seen significant price increases.
The meme coin Dogelon Mars (ELON) is up nearly 50% in the past seven days and is trading at $ 0.000002 at the time of writing. The crypto asset in 126th place Market capitalization seems to derive from Elon Musk’s ambitions to bring humans to Mars.
When the token was first dropped, 50% of the supply was dropped from the air Ethereum Founder Vitalik Buterin. Within two months of the token’s inception, Buterin donated his entire ELON stack to the Methuselah Foundation, a nonprofit medical charity dedicated to life extension and longevity research.
According to the crypto tracker WhaleStats, ELON is now also the most traded token among the top 1000 ETH whales.
🚀🚀 JUST IN: $ ELON has $LINK flipped to become the most traded token among the top 1000 ETH whales 🐳🐳
🌖 $ ELON is up 35.99% in the past 24 hours, with a current price of $ 0.000001781
Source: https://t.co/N5qqsCShZR#Dogelon #dogelonmars pic.twitter.com/QDqcxAKYZ4
– WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) December 24, 2021
Last month, ELON’s price rose over 100% in response to a project update by the Dogelon Mars team regarding the next stage of development, allowing the platform to have decentralized funding (DeFi) and has staking functions.
Other meme coins have seen price hikes as well this week: DOGE is up more than 11% in the past seven days and is trading at $ 0.187373 at the time of writing.
SHIB is up more than 9% this week and is trading at $ 0.000037 at the time of writing.
Bitcoin is trading at $ 51,045.67 at the time of writing and is up more than 10% in the past seven days.
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Source: Crypto News Deutsch