ASTEROID Rallies 45,000% Following Elon Musk’s Response on X
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Long-term holder bought 8.02B ASTEROID for 9.1 ETH (~$21,600) in Sep 2024 and realized a $370,000 profit in 24 hours after a 580-day hold. ASTEROID meme token surged ~45,000%, lifting market cap from about $50,000 to over $20 million after Elon Musk's reply on X. Highlights celebrity-driven adoption in crypto but signals extreme volatility and speculative risk for token investors.
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- A crypto trader made $370,000 in 24 hours following an Elon Musk post about ASTEROID.
- Musk responded to a post on X highlighting the ASTEROID creator’s wish before passing.
- ASTEROID’s market capitalization surged past $20 million from a minimal $50,000.
A crypto trader has seen a $370,000 profit in an almost forgotten digital asset in his portfolio during a swift turn of events, according to a post by Lookonchain. The trader, who spent 9.1 ETH, equivalent to $21,600, in September 2024, to buy 8.02 billion ASTEROID tokens, saw the value of his digital assets decline to almost zero before the sudden surge.
A Long-Term Holder’s Benefit
It took a total of 580 days for the significant turn of events, triggered by Elon Musk’s response to a now-viral post about the meme coin in X. In a swift move, ASTEROID Shiba gained over 45,000% to become one of the most tal…
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