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

The memecoin season continues to yield life-changing opportunities for those brave enough to take the leap. An anonymous investor acquired 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 entire position was then sold for 503 ETH on Tuesday, equivalent to approximately $1.17 million, as reported by on-chain tracker Lookonchain. This transaction resulted in a return of over 2,000x in just five days. ASTEROID is branded as 'First Shiba In Space' and was inspired by Elon Musk's own Shiba Inu, Floki. The token's design flew on the Polaris Dawn mission in September 2024 as the crew's zero-gravity indicator. Before her passing, Perrotto had expressed her desire to ask Musk if Asteroid could become SpaceX's official mascot. Following her death, Musk responded positively to the idea on social media, sparking a significant surge in the token's market cap, from around $50,000 to over $20 million, and eventually exceeding $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 currently trades at $0.0004435 with a market cap of $186.5 million and $24 million in 24-hour volume. Notably, the token lacks formal endorsement from SpaceX, has no licensing arrangement, and no confirmed involvement from Musk beyond his social media responses. It is traded on Uniswap against wrapped ether, with its price increasing by 20.69% over 24 hours, 28.54% over six hours, and roughly 10x from the investor's entry point on April 17, according to data from DEX Screener.