Asteroid Shiba rises 920% after Musk names SpaceX mascot
A trader sold 7.43 billion Asteroid Shiba (ASTEROID) for $405 just one day before the memecoin skyrocketed over 920%, which would have turned the same position into a return of $2.6 million.
On-chain data from Lookonchain shows that wallet 0x5811 had acquired the tokens 80 days ago for $542. The sale resulted in a loss of $137, eliminating what would have been an extraordinary gain.
What motivated the rise of Asteroid Shiba?
The appreciation began after Elon Musk responded to eight questions left by Liv Perrotto, a 15-year-old girl who passed away in January after fighting for five years against cancer.