A $575 Investment in Shiba-Inspired Token Surges to $1.17 Million in Just 5 Days

The memecoin market continues to yield life-changing opportunities for those willing to take risks. An anonymous investor bought 2.79 billion ASTEROID tokens, an Ethereum-based memecoin themed around a Shiba Inu drawing by the late teenage cancer patient Liv Perrotto, for $575 on April 17. The investor then sold the entire position for 503 ETH on Tuesday, worth approximately $1.17 million, according to on-chain tracker Lookonchain, generating a return of over 2,000x in just five days. ASTEROID is branded as 'First Shiba In Space' and is inspired by Elon Musk's own Shiba Inu, Floki. The token's design flew on the Polaris Dawn mission in 2024 as a zero-gravity indicator. Following Perrotto's passing, her mother shared a list of questions she had written for Musk, including one asking if Asteroid could become SpaceX's official mascot. After Musk responded with an 'ok', the token's market cap surged from around $50,000 to over $20 million, and later exceeded $100 million with over $100 million in 24-hour trading volume. At its peak, the token briefly entered the top 200 cryptocurrencies by market cap, and as of Wednesday, it trades at $0.0004435 with a market cap of $186.5 million and $24 million in 24-hour volume.