One dealer flipped a single ETH into greater than $470,000 in only a few hours. One other held a place for 580 days watching it sit close to zero, then walked away with near $392,000. Each made their cash on the identical token — a memecoin referred to as Asteroid Shiba — after a two-word reply from Elon Musk lit up crypto markets on Friday.
Associated Studying
Asteroid Shiba: A Want That Sparked A Frenzy
The story behind the token is not like most within the memecoin world. Asteroid Shiba was impressed by an opulent Shiba Inu canine designed by Liv Perrotto, a 15-year-old woman who died after battling most cancers.
The toy wasn’t only a craft undertaking — it truly flew aboard an area mission as a zero-gravity indicator. Earlier than she handed, Liv had one request for Musk: make Asteroid the official mascot of SpaceX.
ASTEROID went from $50K market cap to a peak of $23 Million immediately. What’s it?
Asteroid is a shiba inu designed by Liv Perrotto, a 15 12 months previous woman with most cancers who tragically handed away earlier this 12 months.
She wished to ask Elon if he would make Asteroid into SpaceX’s mascot. pic.twitter.com/WiKocpDX9P
— Arkham (@arkham) April 17, 2026
Musk replied to the submit with three phrases — “Will reply shortly.” That was sufficient. Inside hours, the token’s market cap shot from roughly $50,000 to greater than $20 million.
Radio host Glenn Beck had shared Liv’s story publicly, drawing broad consideration to her connection to area exploration and her want to attain Musk. As soon as Musk’s reply circulated, merchants moved quick.
At 15 years previous, Liv Perrotto’s greatest dream was to satisfy @elonmusk. She had even written out a listing of inquiries to ask him. Her mom @rebeccaperrotto advised me that simply days earlier than she handed away from most cancers, she had an opportunity to talk with Elon, however she was too drained and… pic.twitter.com/zTRMreMFhM
— Glenn Beck (@glennbeck) April 16, 2026
Whales And Degens Rush In
In line with knowledge shared by Arkham, the token’s rise was steep and fast. Experiences point out that merchants — together with large-wallet consumers identified in crypto circles as whales — piled in virtually instantly after Musk’s remark appeared.
Figures from Coingecko present ASTEROID exploded to over 68,000% rally within the final seven days.
State of the trenches:
Degens are betting 5-6 determine positions that Elon Musk will make $Asteroid the mascot of SpaceX https://t.co/NU3LS3kucD pic.twitter.com/RXb4gOpNh8
— Wals (@walsxbt) April 17, 2026
One dealer was described in studies as betting a six-figure sum on the likelihood that Musk may formally undertake Asteroid as a SpaceX image. Experiences word that the token gained further momentum on Ethereum, the place deeper market liquidity helped gasoline the climb.
The early holder who turned $21,000 into practically $392,000 had saved that place by a 12 months and a half of near-zero returns. Timing, on this case, made all of the distinction.
Associated Studying
What Comes Subsequent Relies upon On One Man
The token has no product, no roadmap, and no company backing. Its whole worth is tied as to if Musk says something extra. Experiences say the rally was pushed fully by the story round it — the emotion, the area connection, and the open query of what Musk will do.
If he follows up, the token might climb additional. If he goes quiet, the worth might drop simply as quick because it rose.
As of Friday, Musk had not made any extra assertion about Asteroid or SpaceX.
On the time of writing, ASTEROID worth was down 40% within the final 24 hours, following a large 68,428% enhance final week, knowledge from Coingecko reveals.
Featured picture from Unsplash, chart from TradingView
