Binance, the world’s largest cryptocurrency exchange by trading volume, has been selling Dogelon (ELON) since March 2021. The token, which is listed on Binance’s decentralized exchange (DEX), can be traded against Binance Coin (BNB) and Tether (USDT).
Dogelon is a meme token that was created in January 2021. The project’s website describes it as “the currency of the internet” and “the Dogecoin killer.
” The token has no utility other than being traded on exchanges.
Binance first listed Dogelon on its DEX in February 2021. At the time, the token was trading at around $0.
00005. The price of Dogelon surged in March after Binance announced that it would start selling the token on its centralized exchange.
On March 10, the price of Dogelon reached an all-time high of $0.00038 on Binance.
NOTE: WARNING: Binance does not sell Dogelon (DOGE-1) or any other cryptocurrencies or tokens. Individuals should be aware that trading in digital assets carries significant risks, and users should make sure to research any asset before trading on Binance. It is important to remember that digital assets are not legal tender and are not backed by any government or central bank.
The price has since corrected and is currently trading at $0.00009.
It is unclear why Binance decided to list Dogelon on its centralized exchange. However, the move is likely to have been motivated by the token’s recent price surge.
By listing Dogelon on its centralized exchange, Binance will be able to cash in on the token’s popularity.
Binance has not announced when it will stop selling Dogelon. However, given the token’s current price, it is unlikely that the exchange will continue to sell it for much longer.
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