Dogelon Mars (ETH: $ELON) is a meme token launched on Ethereum’s Uniswap DEX in April 2021. The project is a culmination of the iconic Shiba Inu-meme and Elon Musk, a leading proponent for Dogecoin.
The Story of Dogelon Mars
The creators of Dogelon Mars have produced an epic comic book series featuring the meme token’s mascot.
The story begins in the year 2420, after Mars has been successfully re-colonized. Rufus and Astrid Mars, the soon-to-be parents of Dogelon, are living a happy life in a cozy colony on the red planet.
One day following Dogelon’s birth, the peace abruptly comes to an end. The galaxy’s most fearful foes: the Annihilators invade Mars. Rufus and Astrid Mars are forced to send baby Dogelon off toward the stars for safety.
Baby Dogelon eventually crashes down in the jungles of a unknown planet, where fearsome predators await. Fortunately, he is rescued and taken in by an unexpected friend.
After some time, Dogelon Mars and several of his new companions venture back through the galaxy, seeking to take back the planet that was once his home and re-colonize Mars.
Dogelon Mars Founders
Like most other popular meme tokens, the Dogelon Mars founders are unknown. Despite the mystery surrounding its founders, $ELON has become a popular meme coin with a very large social following. For instance, the project has over 443.7K followers on Twitter and 45,605 members on Telegram.
$ELON Tokenomics & More
Dogelon Mars was launched on Ethereum with a maximum supply of one quadrillion $ELON tokens. The project is multi-chain with listings also on BNB Smart Chain, Polygon, Solana, and the Cronos network.
Initially, to build recognition around the coin, the $ELON developers airdropped 734 million tokens to anyone that lost funds during the $WOGE token rug pull on April 23, 2021. The project’s team also airdropped 72.7 million tokens to the victims of the $CUBA rug pull that happened on May 16, 2021.
The developers’ strategy paid off, and by April 25, 2021, the 24-hours trading volume for $ELON had surpassed $100 million. This was shortly after the first Dogelon Mars NFT was launched on OpenSea.
As a result, Dogelon Mars’ price rallied to new highs in May 2021, reaching a market cap of over $278 million. A few months later, in October 2021, there was a historical rally to an ATH price of $0.00000259, where the $ELON market cap briefly surpassed the $1 billion mark.
Since the previous bull market peak, the price of $ELON has fallen significantly to the current price of $0.0000001305. This multi-year pullback represents a -94.9% discount from the all-time high price, and it currently holds a market cap of $71.7 million. There are currently 549 trillion $ELON tokens in circulation.
However, interest in the $ELON meme token remains high, with 24 hours trading volume of $23.8 million on centralized exchanges. Most of that trading volume occurs on the Poloniex Exchange, which saw 24-hour trading volumes of over $22.9 million as of August 21, 2023.
[Click The $ELON Chart Above To View On CoinMarketCap]
Final Thoughts
While the price of $ELON is currently very low, its community firmly believes in its potential. Consensus is that one day, $ELON’s value could grow to $0.01 per token. While this is a lofty goal, a multi-billion dollar market cap has been captured by several other meme coins in the past, based purely on community support. With an interesting storyline and an active community, $ELON could one day achieve this goal.
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