A lesser-known dog-themed memecoin has quietly soared in the last month, far outperforming Shiba Inu (SHIB) and Dogecoin (DOGE) in the same time frame.
After emerging in the previous crypto bull run, Dogelon Mars (ELON) has now made a comeback, rising 50% in 30 days and reaching a market cap of $263.9 million.
The name Dogelon is a mashup of Dogecoin and Elon Musk, the billionaire entrepreneur and outspoken DOGE advocate.
When Elon first dropped in April of 2021, 50% of the supply was airdropped to Ethereum founder Vitalik Buterin.
Within two months of the token launch, Buterin donated his entire ELON stack to the Methuselah Foundation, a non-profit medical charity for life extension and longevity research.
The episode had a permanent impact on the memecoin and its community, and Dogelon Mars is now focused, in part, on supporting humanitarian causes and contributing to organizations involved in the space race to Mars.
Dogelon Mars is also supporting the ISS National Lab, which is a US government-funded organization that works with NASA to fuel space exploration and improve life on earth.
Elon is now at number 171 on the list of top crypto assets by market cap. It is trading at $0.000000476766 at time of publishing, up 2.6% in the last 24 hours.
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