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Modal 1 ETH Turns into Rp7.9 Billion, Trader Gains Big from Meme Coin Asteroid
A trader successfully turned a 1 ETH capital or about $2,300 into nearly $500,000 (around Rp7.9 billion) within hours on Friday (17/4). This fantastic profit was achieved through the ASTEROID token on the Ethereum network, which surged over 71,000% after gaining direct attention from Elon Musk via the X platform.
This spike was triggered by Musk's response to the emotional story of Liv Perrotto, a teenage developer of the Shiba Inu mascot "Asteroid" for the SpaceX mission who passed away due to cancer. In her personal notes, Liv asked whether Asteroid could become SpaceX's official mascot. Musk's reply, "Will answer shortly," followed by an approval of "Ok" last Saturday, sparked massive speculation until the token's market capitalization surpassed $$160 million.
Data from DEXScreener shows the wallet address "EF99af" made a purchase of 10 billion ASTEROID tokens just eight minutes after Musk's initial post appeared. Currently, the trader is reported to have secured a profit of $242,000 and still holds remaining tokens in their wallet with an estimated value of hundreds of thousands of dollars.
It is important to note that this rally only occurred with the ASTEROID token on the Ethereum (ERC-20) network. Although similar tokens appeared on the Solana network, those assets did not record significant performance or become the main runner. Traders are advised to remain cautious of contract duplications across various networks that often appear to exploit the momentum of this viral news.