Dogelon Mars (CRYPTO: ELON) is seeing a sudden surge early Wednesday, up about 43% to $0.000001126. The cryptocurrency came into being last year amid the meme coin mania led by Dogecoin (CRYPTO: DOGE).
Its name is an amalgamation of Dogecoin, Mars and the name of Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk.
It isn't immediately clear what caused the sudden surge but the overally cryptocurrency market is on course of recovery, with Bitcoin (CRYPTO: BTC) back above the $41,000 level.
Dogecoin traded 3.6% higher at $0.1449 at press time. Shiba Inu (CRYPTO: SHIB), another popular meme coin, traded 1.8% higher at $0.00002551. Bored Ape Yacht Club's ApeCoin also struck significant gains on Wednesday.
The Dogelon Mars project responded to a tweet from Musk in the aftermath of the surge, alluding "Tonight is the night."
Tonight. 💫 — Dogelon Mars (@DogelonMars) April 20, 2022
The project is seeing high interest from users of Twitter and Stocktwits at the time of writing.
See Also: Dogelon Mars Price Prediction
