Asteroid Shiba (ASTEROID) Price Update: Musk Agrees to SpaceX Mascot Request, Token Surges 920%

TLDR

  • ASTEROID jumped more than 920% following Elon Musk’s approval to name the Shiba Inu plush toy SpaceX’s official mascot
  • The cryptocurrency posted an almost 68,000% gain across a single week, reaching a market capitalization of over $100 million
  • One investor converted roughly $1,800 worth of Ethereum (ETH) into almost $500,000 just hours after Musk published his social media post
  • Another trader offloaded 7.43 billion ASTEROID tokens for $405 only 24 hours before the price spike, losing out on $2.6 million in potential profits
  • ASTEROID has no formal affiliation with SpaceX, and there is no official development team, project roadmap, or functional product backing the token

(SeaPRwire) –   Asteroid Shiba (ASTEROID) saw its value climb more than 920% after Elon Musk publicly consented to name a Shiba Inu plush toy SpaceX’s official mascot. The decision traces back to a heartwarming backstory that went viral quickly across social media platforms.

Asteroid Shiba (ASTEROID) Price
Asteroid Shiba (ASTEROID) Price

The token takes its name from a plush Shiba Inu created by Liv Perrotto, a 15-year-old who died following a five-year fight against cancer. Her stuffed toy, called Asteroid, traveled as a zero-gravity indicator aboard SpaceX’s Polaris Dawn mission in September 2024.

Prior to her passing, Perrotto posed one final request to Musk: “Can you make Asteroid the mascot for SpaceX?”

This story reemerged on the internet earlier this week. Once it came to Musk’s attention, he first responded with “Will answer shortly.” Even that preliminary response was enough to drive ASTEROID’s market capitalization up from roughly $50,000 to more than $20 million in just a few hours.

He later followed up with a one-word response: “Ok.”

That official confirmation pushed the token’s value even higher. Per data from CoinGecko, ASTEROID recorded gains of almost 68,000% over a seven-day period. Its 24-hour trading volume hit a high of $100 million at its peak.

Key Winners From the Price Surge

On-chain analytics from Lookonchain indicate one trader turned roughly $1,800 worth of ETH into almost $500,000 just hours after Musk’s post went live. A separate wallet had held ASTEROID for 580 days while its value stayed close to zero, and watched its initial ~$21,000 investment rise to roughly $392,000.

A number of investors turned investments of just a few hundred dollars into more than $1 million over the course of a few days.

Liv’s mother, Rebecca Perrotto, replied to Musk on the X platform. “You didn’t just honor a young girl’s dream, you are keeping her spirit alive,” she wrote.

One Trader’s Costly Premature Exit

Not all market participants came out ahead. On-chain data shows wallet address 0x5811 purchased 7.43 billion ASTEROID tokens 80 days prior for $542. Only 24 hours before the price rally kicked off, the wallet sold its entire holding for $405, locking in a $137 loss.

That exact same batch of tokens was valued at more than $2.6 million just one day later.

Lookonchain shared details of the trade on X, describing it as one of the most unfortunate early exits the platform had ever observed.

ASTEROID has no official development team, public project roadmap, or usable product. It also has no verified official affiliation with SpaceX, aside from two casual social media responses posted by Musk.

At its highest point, the token’s market capitalization surpassed $100 million.

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