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

The memecoin season continues to yield life-changing trades for those willing to take risks. An anonymous wallet purchased 2.79 billion ASTEROID tokens, an Ethereum-based memecoin dubbed 'First Shiba In Space,' for $575 on April 17. The entire position was sold for 503 ETH on Tuesday, 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 teenage cancer patient Liv Perrotto, who had previously sketched the dog while volunteering for SpaceX's Polaris Dawn ground support team. The design, inspired by Elon Musk's Shiba Inu, Floki, was flown on the Polaris Dawn mission in 2024 as a zero-gravity indicator. Before her passing, Perrotto had written down questions for Musk, including one about making Asteroid the official SpaceX mascot. After her mother shared the list publicly and it went viral, Musk agreed to make Asteroid the official mascot, sparking a surge in the token's market cap from $50,000 to over $20 million and eventually exceeding $100 million. The token, which has no formal endorsement from SpaceX, currently trades at $0.0004435 with a market cap of $186.5 million and a 24-hour trading volume of $24 million.