#Gate13周年现场直击

The myth of wealth creation in the primary market reappears—ASTEROID surges over 30 times

Recently, copycat projects have swept through the crypto world. Just as the secondary market is booming, the primary market is not to be outdone. A token called ASTEROID quietly achieved over 3000% increase and successfully listed on major exchanges. Many primary market insiders also made a fortune.

What is the ASTEROID token?

Asteroid Shiba (ASTEROID) is an ERC-20 meme token deployed on the Ethereum blockchain. It is not issued by SpaceX or Elon Musk officially, nor does it have any formal partnership with space projects. Instead, it was spontaneously created and driven by the community as a highly volatile speculative asset.

The token’s inspiration comes from a real event:

Liv Perrotto was a space-loving girl who, during her fight against cancer, designed a Shiba Inu plush toy called Asteroid as a zero-gravity indicator for the SpaceX Polaris Dawn mission. She hoped in her lifetime that this Shiba would become SpaceX’s official mascot.

In April 2026, just before her passing, she was unable to meet Elon Musk. Her mother shared this story publicly through media personality Glenn Beck. Subsequently, Musk replied on X platform with “Okay,” which was interpreted by the market as approval of her request, instantly resonating emotionally.

This emotional narrative quickly evolved into a “sentiment bull market” in the crypto space, with large amounts of funds flowing into the ASTEROID contract on the Ethereum chain.

Market performance and speculative frenzy

Market cap surge: Within hours of Musk’s reply, ASTEROID’s market cap rapidly rose from about $50k to over $160 million.

Active trading: In 24 hours, trading volume exceeded $100 million, with some early investors seeing astonishing returns, such as a user converting 1 ETH into approximately $470k worth of ASTEROID.

Price volatility: According to monitoring, on April 20, ASTEROID on the ETH chain surged 16% within one hour, reaching $0.000375, but then quickly retreated.

Huge supply: The total supply of ASTEROID tokens is 420.69 billion, now fully circulating, with a market cap of $150 million.

Why did this event trigger a market explosion?

The rise of ASTEROID was not accidental but combined all the key elements that make meme coins go viral:

Strong emotional resonance: The sick girl’s dream + space exploration + Shiba Inu image form a highly shareable tragic charity story.

Elon Musk endorsement effect: His “Okay” reply was seen as “official certification,” becoming the core catalyst for market hype.

High-elasticity narrative asset: Against the backdrop of slowing volatility in Bitcoin and mainstream altcoins, short-term funds naturally flow into high-odds, emotion-driven assets.

Clear on-chain game logic: News-driven → smart money quickly enters → community spreads → retail FOMO → profit-taking at high points, forming a typical hype cycle.

Risk warning

As a MEME token, ASTEROID’s value mainly relies on narrative-driven hype. The market has already experienced a round of emotional FOMO speculation.

Current token prices have fallen from their highs, indicating rapid profit-taking.

This article is for information sharing only and does not constitute investment advice.

Finally, I wish everyone to enjoy profits and get rich every day!