Elon Musk Sparks ASTEROID Crypto Surge, Trader Gains 500X
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In a remarkable turn of events, the cryptocurrency Asteroid Shiba (ASTEROID) surged more than 45,000% within a single day, while another token, Asteroid Bot (ASTEROIDBOT), experienced a more moderate rise of 15%. This dramatic increase followed a tweet from Elon Musk, who responded to a viral story connecting the token to SpaceX’s upcoming Polaris Dawn mission.
The interest was ignited when radio host Glenn Beck highlighted the story of Liv Perrotto, a young girl who designed a plush Shiba Inu named Asteroid. Sadly, Perrotto passed away from cancer, leaving behind a poignant inquiry directed at Musk about the possibility of her creation becoming SpaceX’s official mascot.
Musk’s reply, indicating he would provide an answer soon, catalyzed a flurry of trading activity. Within minutes, the price of ASTEROID soared dramatically, reaching up to $0.00005668 during the trading frenzy.
Liv Perrotto’s mother shared that in the days leading up to her daughter’s passing, Liv had a chance to interact with Musk but felt too fatigued to engage, a missed opportunity that deeply resonates with fans and traders alike.
Just days before she passed away, Liv hoped to meet @elonmusk and had questions ready for him. Her mother recounted that Liv was too exhausted to speak with him.
— Glenn Beck (@glennbeck) April 16, 2026
As speculative traders jumped on the news, one trader reportedly transformed an investment of 1 ETH into an ASTEROID position worth approximately $474,000 in just three hours. In addition, another early investor made a $210,000 profit while holding onto $84,000 worth of the token. Interestingly, a trader who had initially acquired ASTEROID for $21,390 at its launch in September 2024 had not moved their tokens for three months, and their investment is now valued at about $370,000.
One trader achieved a staggering return, turning 1 ETH into nearly half a million dollars in just a few hours after Musk’s tweet. Another early buyer of ASTEROID earned a modest profit of $1,300.
— Arkham (@arkham) April 17, 2026
Despite the excitement, there are concerns regarding a potential sell-off, as the significant gains are concentrated in a small number of wallets. This situation raises the risk of a sharp correction, particularly if early holders choose to take their profits. The low liquidity typical of such meme-based tokens could exacerbate any downturn.
Meanwhile, Asteroid Bot (ASTEROIDBOT) maintained a more tempered rally, showcasing a 15% gain amidst the same frenzy. The future of ASTEROID may hinge on Musk’s forthcoming response to Perrotto’s inquiries, as traders keenly await further developments that could either sustain or diminish the speculative momentum.
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Raj Patel
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