So, did you see what happened with ASTEROID? A trader dumped $575 on April 17th and after five days, he was sitting on $1.17 million. We're talking about a 2000x increase in just a few days.

It all started from a pretty unusual story. There was this guy, Liv Perrotto, who before passing away in January had drawn a Shiba Inu inspired by Elon Musk's Floki. The drawing even flew on SpaceX's Polaris Dawn mission. Before he died, Perrotto had written a list of questions for Musk, and one of them was whether his Shiba could become SpaceX's official mascot. His mother shared everything afterward, Glenn Beck spread it on April 16th, and guess what? Elon Musk replied 'ok'. Boom.

From there, it was chaos. ASTEROID skyrocketed from $50,000 to over $20 million in a few hours. The market cap exceeded $100 million in the following days, trading volume was insane. The token briefly entered the top 200 cryptocurrencies by market cap.

But here’s the part that makes you think: SpaceX has no official endorsement, no licensing agreement, nothing verified. Elon only responded on social media. It’s a pure memecoin on Ethereum, traded on Uniswap. And as you can see now, the price has collapsed. We’re at $0.00 with a market cap of $126.98 million and a 24-hour volume of $14.31 million. Down 9.34% in the last 24 hours.

Elon Musk’s Shiba story made money for some, but this is what happens with these tokens: whoever gets in first profits, the others are left holding the bag. There’s nothing official behind it, nothing supported. It’s pure sentiment and FOMO. Interesting to follow, but risky to get involved.