Dogelon Mars Whale Buys 1.2 Trillion Coins Worth $1.1 Million During the Dip

Vinod Dsouza
Dogelon Mars ELON whale movements

A mysterious and unidentified Dogelon Mars (ELON) whale purchased a whopping 1.2 trillion tokens worth a staggering $1.1 million. The enormous transaction was initiated during the dip and the whale made good use of the opportunity. The whale in question got ELON during the sale as several tokens slumped as Bitcoin dipped during the weekend.

WhaleStats was the first to dish out the humongous transaction and tweeted, “A whale just bought 1,002,640,679,253 $ELON token ($1,171,426 USD).” They also shared the transaction details which shows the whale’s movements in ELON.

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Whales have started taking entry position in ELON since two months as they believe the token has a promising future. On December 1, an anonymous whale purchased 816 billion Dogelon Mars worth $1.2 million. That anonymous whale holds a mind-blowing 59 trillion ELON coins worth $98 million.

Also, during mid-November, another whale had purchased 44 trillion Dogelon Mars worth $80 million. The whale in question kept adding ELON to his/her bag for nearly 18 days and ended with 44 trillion tokens.

Rumours are doing the rounds that Binance could list ELON and therefore the whales are taking an early entry position. However, Binance has not confirmed listing ELON and we’ll have to wait and watch for an official confirmation. Moreover, investors believe that ELON could be the next Dogecoin or Shiba Inu and are holding for the long term.

Dogelon Mars : The Most Traded Alt-coin

A recent data from WhaleStats reveals that ELON is the most traded alt-coin among the top 1000 ETH wallets. Dogelon Mars is getting popular on social media and its reach is getting bigger each day. Just recently, it flipped Decentraland (MANA) to be the most traded token among the top 1000 ETH whales.

The meme-token runs on the ERC-20 platform and had the highest number of transactions a week ago. The transactions were counted among the top 1000 Ethereum whale wallets only.

The development sheds light that whales have shown their interest in ELON and are trading for their benefit. Dogelon Mars in among the most sought-after altcoin and whales are taking an early entry position before a stellar run. The altcoin is new to the market and its price could be in a better position in a few years.

At the time of publishing, Dogelon Mars (ELON) was trading at $0.00000117 and is up +0.3% in the 24-hours day trade. The token is down -33.7% since the last 30 days and down -15.6% since the last 14-trading days.