Asteroid Shiba Gains 920% After Musk Names SpaceX Mascot, But One Trader Misses Big
BeInCrypto
The Asteroid Shiba meme coin surged 920% after Elon Musk named the plush toy as the official SpaceX mascot.Summary
The Asteroid Shiba (ASTEROID) token experienced a 920% price surge after Elon Musk designated the character as the official SpaceX mascot, honoring the memory of the late 15-year-old Liv Perrotto, who created the design. While some investors profited significantly, one trader suffered a major loss by selling 7.43 billion tokens for $405 just a day before the rally, missing out on a $2.6 million valuation. Despite the hype, the token lacks utility and inherent value, and analysts warn of the extreme volatility and risks associated with meme coin trading.
(Source：BeInCrypto)