Dogelon Mars ELON/USD, the 255th-ranked cryptocurrency by market capitalization, skilled a surge of 14% inside the previous 24 hours, surpassing the features of different well-liked meme cash like Shiba Inu SHIB/USD and Dogecoin DOGE/USD.
What Occurred: Information from CoinmarketCap reveals that ELON noticed an 18.24% enhance in buying and selling quantity, reaching a complete of $14 million. As of the time of writing, ELON was buying and selling at $0.0000001439 per token, whereas SHIB and DOGE skilled smaller features of 1.27% and a pair of% respectively.
ELON is impressed by Elon Musk’s ambitions to finally set up human settlements on Mars.
The surge in buying and selling quantity for ELON was primarily pushed by exercise on the Poloniex cryptocurrency alternate. The alternate accounted for almost all of the buying and selling quantity for the meme coin.
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Why It Issues: Information gathered by LunarCrush, a social analytics platform, signifies a 3,961% enhance in ELON’s social engagement fee over the previous 24 hours, amounting to a complete of 212,506 engagements.
The rise in worth comes on the heels of an intriguing occasion, the place a whale made a purchase order of practically one trillion ELON tokens for 78 ETH (equal to roughly $125,000).
This transaction enhanced the constructive sentiment across the coin and sure contributed to the surge in worth.
Photograph by CMP_NZ on Shutterstock
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