Shiba-Inu Themed Token Turns $575 Investment into $1.17 Million in Just 5 Days

The memecoin market has once again produced a life-changing trade for a daring investor. An anonymous wallet purchased 2.79 billion ASTEROID tokens, a Shiba Inu-themed cryptocurrency, for $575 on April 17. Just five days later, the investor sold their entire stake for 503 ETH, worth approximately $1.17 million, according to data from on-chain tracker Lookonchain. This remarkable trade resulted in a return of over 2,000x. ASTEROID is an Ethereum-based memecoin that was inspired by a Shiba Inu drawing created by Liv Perrotto, a teenage cancer patient who sadly passed away in January 2026. Perrotto's design was inspired by Elon Musk's own Shiba Inu, Floki, and was even featured on the Polaris Dawn mission in September 2024 as the crew's zero-gravity indicator. Before her passing, Perrotto had written down eight questions she hoped to ask Musk, including whether her Asteroid design could become SpaceX's official mascot. After her death, her mother shared the list publicly, and media personality Glenn Beck amplified it on social media, eventually catching Musk's attention. Musk responded with a simple 'ok', which sparked a surge in interest in the ASTEROID token. The token's market capitalization skyrocketed from around $50,000 to over $20 million in a matter of hours, and eventually surpassed $100 million with over $100 million in 24-hour trading volume. At its peak, the token briefly entered the top 200 cryptocurrencies by market capitalization. As of Wednesday morning, the token trades at $0.0004435 with a market capitalization of $186.5 million and $24 million in 24-hour trading volume. Despite its impressive performance, the token has no formal endorsement from SpaceX, no licensing arrangement, and no confirmed involvement from Musk beyond his social media responses. The token is currently traded on Uniswap against wrapped ether, with a market capitalization of $186.5 million and a 24-hour trading volume of $24.3 million. Its price has increased by 20.69% over the past 24 hours, 28.54% over the past six hours, and has climbed approximately 10x from the wallet's entry point on April 17, according to data from DEX Screener.