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SHIB news: Elon Musk tweet turns a $575 bet on a Shiba-themed token into $1.1 million

Memecoin Season keeps printing life-changing deals for people willing to give it a try.
According to data from on-chain tracker Lookonchain, an anonymous wallet purchased 2.79 billion ASTEROID tokens for $575 on April 17 and sold the entire position on Tuesday for 503 ETH, worth approximately $1.17 million. The round trip took five days, and the return was more than 2,000 times.

ASTEROID is an Ethereum-based meme coin that has been called “the first Shiba Inu in space.” Its subject is a Shiba Inu painting by Liv Perrotto. Liv Perotto was a teenage cancer patient who died in January 2026 after a five-year battle with the disease.

Two years before his death, Perotto sketched the dog while working as a volunteer on the SpaceX Polaris Dawn ground support team. The design was inspired by Elon Musk’s own Shiba Inu, Floki, who flew on the Polaris Dawn mission in September 2024 to serve as the crew’s zero-gravity indicator.

Before her death, Perotto wrote down eight questions she wanted to ask Musk. The final question is whether an asteroid could become SpaceX’s official mascot. Her mother publicly shared the list after her death, and media personality Glenn Beck amplified it on April 16. The article quickly went viral and reached Musk, who responded to the idea of ​​using the asteroid as SpaceX’s official mascot.

This response ignited the coin. Within hours of Musk’s reply, ASTEROID’s market capitalization rose from about $50,000 to over $20 million, then topped $100 million in the following days, with 24-hour trading volume exceeding $100 million.

At its peak, the coin briefly entered the top 200 cryptocurrencies by market capitalization. As of early European trading on Wednesday, it was trading at $0.0004435, with a market capitalization of $186.5 million and a 24-hour trading volume of $24 million.

The token is not officially endorsed by SpaceX, there are no licensing arrangements, and there is no confirmation of Musk’s involvement beyond social media responses.

It trades against wrapped Ethereum on Uniswap, with a market cap of $186.5 million and a 24-hour trading volume of $24.3 million. According to DEX Screener data, the price increased by 20.69% within 24 hours and 28.54% within 6 hours, which is approximately 10 times higher than the wallet entry point on April 17.

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