Gate News message, April 19 — ASTEROID, a memecoin based on a Shiba Inu plush toy design, surged more than 68,000% in a single week, reaching a market cap of over $100 million and generating $100 million in 24-hour trading volume. The explosive rally was triggered by two social media replies from Elon Musk to a resurfaced story about the token’s origin.
The plush toy was designed by Liv Perrotto, a 15-year-old who passed away after battling cancer. Her design flew as a zero-gravity indicator on a space mission, and before her death, she made a single request to Musk: “Can you make Asteroid the mascot for SpaceX?” When the story spread online earlier this week and reached Musk, he responded with “Will answer shortly,” causing ASTEROID’s market cap to jump from approximately $50,000 to over $20 million within hours. Musk’s follow-up reply—a single word, “Ok”—sent the token parabolic, with traders interpreting the response as confirmation of the mascot request.
On-chain data reveals significant gains for early traders: one flipped 1 ETH into $470,000 within hours, another held through 580 days of near-zero value and saw $21,000 turn into approximately $392,000, and some traders converted a few hundred dollars into over $1 million in days.
Despite the extraordinary price movement, ASTEROID has no formal connection to SpaceX and no confirmed endorsement beyond Musk’s two informal replies. The token’s sustainability depends entirely on narrative momentum, with no guarantee that Musk’s response translates into official action.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
VanEck: Bitcoin Bullish Signals Emerge Amid Funding Rate Dip
Fund management firm VanEck identified two strong bullish indicators for Bitcoin on April 24, according to analysis from the firm's digital assets analysts Patrick Bush and Matthew Sigel. The analysts highlighted Bitcoin's funding rate and declining hash rate as historically reliable signals
CryptoFrontier1h ago
ADA on the Edge: Will Key Support Hold or Collapse to $0.09?
ADA tests key support with weak momentum and declining trading volume.
Failure below $0.243 could push the price toward $0.22 or lower.
Bulls must reclaim $0.255 to signal strength and potential reversal.
Cardano’s ADA has reached a critical moment that traders cannot ignore. Price
CryptoNewsLand3h ago
Bitcoin Liquidation Levels: $19.03B Long Liquidations if BTC Falls Below $75,188
Gate News message, April 27 — According to Coinglass data, if Bitcoin falls below $75,188, cumulative long liquidations on major centralized exchanges would reach $19.03 billion.
Conversely, if BTC breaks above $82,640, cumulative short liquidations on major CEXs would reach $11.88 billion.
GateNews5h ago
Decentralization Showdown: 5 Altcoins With 150% Upside as Security Metrics Take Center Stage
The focus of the market has expanded to utility, scalability and sustainability.
Ethereum and Polygon have robust developer activity and improvements.
Solana, XRP, and Dogecoin showcase different applications focusing on speed, payments and grassroots popularity.
As major blockchain
CryptoNewsLand5h ago
Bloomberg strategist: After BGCI drops 50%, there will be an excellent time to enter the cryptocurrency market
Bloomberg Intelligence senior commodities strategist Mike McGlone said in a post on X on April 26 that the Bloomberg Galaxy Crypto Index (BGCI) may fall by about 50% again before a clear buying opportunity appears. In his analysis, McGlone noted that on April 23, the BGCI was hovering above the 2,000 mark—an initial level reached in early 2021—while potential downside support is around 1,000 points.
MarketWhisper5h ago
Ascending Triangle Breakout Loading? Top 5 Altcoins With 5x Upside Potential
Ascending triangles indicate growing buying pressure but need to be confirmed.
Toncoin and Fantom display better trends than others in consolidation.
Overall market conditions still play a crucial role in the success of breakouts.
A common technical pattern has begun to emerge among
CryptoNewsLand7h ago
