Dogelon Mars (ELON) has captured significant attention within the cryptocurrency community, often regarded as a meme coin with a dedicated following. This analysis provides a detailed look at the ELON/WBNB trading pair on PancakeSwap V3, part of the Binance Smart Chain (BSC) ecosystem, including its current market stats, liquidity, and essential trading considerations.
Current ELON/WBNB Market Overview
The ELON/WBNB pair is currently trading at approximately $0.0000001143**, reflecting a decrease of about **6.7%** over the past 24 hours. Despite this short-term dip, the token maintains active trading, with a 24-hour volume of around **$1,227.28 across 33 transactions.
Liquidity is a critical factor for any trading pair. The ELON/WBNB pool holds a total liquidity of $484,389.15, which helps facilitate smoother trades and reduce slippage for traders. The pool was created one year ago and remains active, with the latest transaction occurring recently.
Key Trading Statistics
- 24-Hour High: $0.0000001225 (recorded at 07:43 AM UTC)
- 24-Hour Low: $0.0000001143 (recorded at 01:06 AM UTC)
- Exchange Rate: 1 ELON = 0.0000000001771 WBNB (as of 06:22 AM UTC)
- USD Conversion: 1 USD can purchase approximately 8.75 million ELON tokens
- Trading Fee: A 1% fee is applied to all swaps on PancakeSwap V3 for this pair
Understanding the ELON/WBNB Liquidity Pool
The liquidity pool is the backbone of this decentralized trading pair. It consists of two assets locked in a smart contract to enable seamless trading.
- Pooled ELON: 4.17 trillion tokens (valued at ~$480,336.68)
- Pooled WBNB: 5.7856 tokens (valued at ~$3,762.15)
The contract address for this specific pool is 0xa7c1e8b098a2fab23d268b8766ec78b43ed3e496. It's important to verify this address when trading to avoid scams. This contract has been verified, which adds a layer of legitimacy, but traders should note that there is an indication of a honeypot and a proxy was found in the contract, which requires caution.
Token Distribution and Major Holders
A broad holder base often indicates a well-distributed token, which can be healthier for long-term price stability. ELON currently has approximately 22,928 holders.
However, one address holds a significant portion of the total supply. The contract address 0x50c5d90c9bb0c45f74370cef42f593463ed7b9cc owns 5.31 trillion ELON tokens, valued at roughly $607,140.01. Such large concentrations can sometimes lead to market volatility if the holder decides to sell a substantial amount.
Where to Trade ELON/WBNB
While PancakeSwap V3 on BSC is the primary decentralized exchange for this pair, ELON is also available on other platforms, including:
- Maestro Bot
- KyberSwap
- MEXC DEX+
Each platform may have slightly different liquidity, fees, and user interfaces, so it's wise to compare before executing trades. For those looking to dive deeper into decentralized trading strategies and pool analytics, you can explore advanced DeFi tools here.
Risk Assessment and GT Score
GeckoTerminal assigns a GT Score to help users quickly assess a pool's potential risk and activity. The ELON/WBNB pool has a GT Score of 46.79. This score is a composite metric, and a score below 50 suggests that traders should exercise increased caution and conduct thorough due diligence before investing.
Key risk factors to consider include the noted honeypot indication and the presence of a proxy contract. These are common red flags in the DeFi space and often associated with scams or tokens where selling might be restricted.
Frequently Asked Questions (FAQ)
Q1: What is Dogelon Mars (ELON)?
A: Dogelon Mars is a meme-inspired cryptocurrency token that initially gained popularity on the Ethereum blockchain. It has since expanded to other networks like BSC, where it is paired with WBNB for trading on decentralized exchanges like PancakeSwap.
Q2: Is the ELON/WBNB pool safe to trade on?
A: While the contract is verified, the presence of a honeypot indication and a proxy contract requires extreme caution. There is a non-zero risk associated with trading this pair. Always invest only what you are willing to lose and ensure you are interacting with the correct contract address.
Q3: Why is there a 1% trading fee on PancakeSwap V3?
A: PancakeSwap V3 introduces concentrated liquidity, allowing liquidity providers (LPs) to set custom price ranges. The 1% fee tier is set by the pool creator and is designed to compensate LPs for providing liquidity, especially for more volatile asset pairs.
Q4: What does a high number of token holders indicate?
A: A high number of holders generally suggests a wider distribution of the token, which can be a positive sign against extreme price manipulation by a single entity. However, it is just one metric and must be considered alongside others, like the balance held by the top wallets.
Q5: How can I calculate my potential ELON token amount?
A: You can use the current price to estimate. For example, at a price of $0.0000001143 per ELON, 1 US dollar would get you roughly 8.75 million tokens. Always check the live price on the exchange right before you trade, as it is highly volatile.
Q6: Where can I learn more about managing risks in DeFi trading?
A: Managing risk is paramount. It involves understanding impermanent loss, smart contract risks, and market volatility. To build a safer strategy, discover comprehensive risk management guides that cover these concepts in detail.