Dogecoin Knockoff Named After Elon Musk Returns Among Most Used Smart Contracts By Ethereum Whales By Benzinga

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© Reuters. Dogecoin Knockoff Named After Elon Musk Returns Among Most Used Smart Contracts By Ethereum Whales

Dogelon Mars (CRYPTO: ELON) — a (CRYPTO: DOGE) knockoff — has re-emerged among the top most used smart contracts by (CRYPTO: ETH) whales.

What Happened: Dogelon’s comeback was mentioned by cryptocurrency data platform WhaleStats in a tweet late Thursday.

Dogelon stood in the tenth position among the most used smart contracts by the 1,000 biggest Ethereum wallets during the past 24 hours, with a 0.9% market share, as per WhaleStats data.

The 1,000 largest Ethereum wallets are worth an average of $142.9 million and have an average of 40,476 ETH, 38 tokens and one non-fungible token (NFT).

See Also: How To Buy Dogelon Mars (ELON)

Why It Matters: Smart contracts are programs stored on a blockchain then run when predetermined conditions are met. They eliminate the need for an intermediary and are virtually fraud-proof.

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 (CRYPTO: MATIC).

Price Action: Dogelon Mars is up 11.4% during the past 24 hours, trading at $0.0000007461 at press time.

Read Next: This Knockoff Coin Which Calls Its ‘Meme Father’ Is Up Over 290% Today

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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