Dogelon Mars (CRYPTO: ELON) — a Dogecoin (CRYPTO: DOGE) knockoff — has fallen back after a brief stint among the ten most-purchased cryptocurrencies by Ethereum (CRYPTO: ETH) 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.
JUST IN: $ELON @DogelonMars is back among top 10 purchased tokens by 1000 biggest #ETH whales
Whale leaderboard: https://t.co/XsHw70LKrH#Dogelon #dogelonmars
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 9, 2022
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. (NASDAQ:TSLA) CEO Elon Musk — is a dog-themed meme coin on Ethereum and Polygon (CRYPTO: MATIC).
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
