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

The memecoin market continues to produce life-changing trades for those willing to take risks. An anonymous investor bought 2.79 billion ASTEROID tokens, an Ethereum-based memecoin known as 'First Shiba In Space,' for $575 on April 17. The tokens were then sold for 503 ETH, worth approximately $1.17 million, according to on-chain tracker Lookonchain, resulting in a return of over 2,000x in just five days. ASTEROID is themed around a Shiba Inu drawing by the late Liv Perrotto, a teenage cancer patient who created the design while volunteering for SpaceX's Polaris Dawn mission. Perrotto's sketch was inspired by Elon Musk's own Shiba Inu, Floki, and was flown on the Polaris Dawn mission as a zero-gravity indicator. After Perrotto's passing, her mother shared a list of questions she had written for Musk, including one about making Asteroid the official SpaceX mascot. Musk responded with an 'ok' on social media, sparking a surge in the token's market cap, which grew from around $50,000 to over $20 million within hours and eventually exceeded $100 million. The token briefly entered the top 200 cryptocurrencies by market cap and currently trades at $0.0004435 with a market cap of $186.5 million and $24 million in 24-hour trading volume.