Elon Musk Fuels ASTEROID Crypto Frenzy, Scores 500X Windfall For One Trader
Asteroid Shiba (ASTEROID) gained over 45,000% in 24 hours whereas Asteroid Bot (ASTEROIDBOT) rallied 15% in the identical timeframe. The rally adopted Elon Musk’s response to a viral put up linking the token to SpaceX’s Polaris Dawn mission.
The transfer began after radio host Glenn Beck shared Liv Perrotto’s story. The teenager designed an opulent Shiba Inu named Asteroid.
Musk’s Reply Ignites Speculative Trading
The Asteroid flew because the zero-gravity indicator on SpaceX’s Polaris Dawn mission in 2024. Perrotto handed away from most cancers, forsaking an inventory of unanswered questions for Musk.
Among her questions was whether or not Asteroid might develop into SpaceX’s official mascot.
Musk responded with “Will reply shortly,” and speculative merchants moved inside minutes. One meme coin, ASTEROID, rallied by 44,923% whereas one other, and was buying and selling for $0.00005668 as of this writing.
Elsewhere, blockchain analytics agency Arkham identified a number of merchants who profited from the transfer.
- One swapped 1 ETH into an ASTEROID token place now value practically $474,000 inside three hours.
- Another early purchaser generated $210,000 in revenue whereas nonetheless holding $84,000 within the token.
- A dormant holder who spent $21,390 shopping for ASTEROID at launch in September 2024 has not moved tokens for 3 months. That place is now value roughly $370,000.
Sell-Off Risk Grows
The focus of positive factors amongst a small number of wallets raises the prospect of a pointy correction. If early holders start taking profit, the skinny liquidity typical of low-cap meme tokens might amplify any downturn.
Meanwhile, Asteroid Bot (ASTEROIDBOT), a separate token driving the identical narrative, posted a extra modest 15% gain
.Whether Musk’s eventual reply to Perrotto’s questions sustains or deflates the speculative curiosity stays the important thing variable for ASTEROID’s near-term path.
The put up Elon Musk Fuels ASTEROID Crypto Frenzy, Scores 500X Windfall For One Trader appeared first on BeInCrypto.
