Shiba Asteroid Explodes 920% Due to Elon Musk's Choice of SpaceX Mascot
2026-04-20
Bittime - Asteroid Shiba (ASTEROID), an Ethereum-based meme coin, saw a spectacular price surge of over 920% in just hours after Elon Musk officially appointed the Shiba Inu mascot named "Asteroid" as the official mascot of SpaceX.
This story is not only about market magic, but also about an emotional moment that touched the hearts of many, while also serving as a harsh reminder of how extreme the risks are in the meme coin world.
Key Takeaways
Asteroid Shiba (ASTEROID) exploded 920% after Elon Musk made the Shiba Inu doll "Asteroid" the official mascot of SpaceX.
A trader sold 7.43 billion ASTEROID tokens the day before the rally for just $405— lost $137, when it could have been worth $2.6 million.
Token without fundamentals, contract can be changed at any time— very high risk for those who buy after the price rises.
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The Story Behind the Shiba Asteroid
It all started with Liv Perrotto, a 15-year-old girl and avid space enthusiast. She designed a stuffed Shiba Inu dog named "Asteroid," which will fly as a zero-gravity indicator on SpaceX's Polaris Dawn mission in September 2024.
Liv asked Elon Musk eight final questions. One of her requests was to make "Asteroid" the official mascot of SpaceX.
However, Liv passed away in January 2026 after battling cancer for five years.
On April 19, 2026, Elon Musk answered all of Liv's questions. For the final request, Musk replied with one word: "OK" accompanied by a smiley face.
Liv's mother, Rebecca Perrotto, responded with emotion, "You not only honored a young girl's dream, you kept her spirit alive."
A 920% Price Explosion and Two Different Fates
Shortly after Elon Musk's announcement, the price of Asteroid Shiba (ASTEROID) surged more than 920% in a matter of hours.
According to CoinGecko data, this token reached an All-Time High (ATH) of $0.0004462 on April 19, 2026.
At the time of writing, the price of Shiba Asteroid is around $0.000314, with a staggering increase of over 600,000% in the last seven days.
The token's market cap surged to $132 million, supported by a 24-hour trading volume of $105 million.
The total supply of ASTEROID is 420 billion tokens, all of which are already in circulation in the market.
Although the price is still far below its ATH (around 30% lower), this surge remains one of the most spectacular rallies in meme coin history.
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The Fate of a Trader Who Missed the Time
On-chain data from Lookonchain reveals the tragic story of a trader with wallet address 0x5811. He purchased 7.43 billion ASTEROID tokens for $542 approximately 80 days before Musk's response.
However, one day before the price exploded, he sold all his tokens for just $405 — a loss of $137.
If it had held on for just one more day, its tokens would have been worth over $2.6 million. This is a stark example of how ruthless the meme coin market can be: timing is everything.
Meanwhile, another trader managed to turn $1,800 into nearly $500,000 in just a matter of hours after the news came out — a gain of nearly 28,000%.
Read also:FARTCOIN Crashes 50%! Is It Still Worth Buying Now?
Why Can Prices Explode So Fast?
This 2026 Shiba Asteroid rally is driven by a combination of emotional factors and the viral power of social media:
Emotional Narrative— Liv's touching story creates a strong emotional bond with the community.
Elon Musk Effect— Elon Musk's name remains a "magic" that can move the meme coin market in a matter of minutes.
Supply Shortage— As a meme coin with a small market cap, thin liquidity causes a surge in demand to immediately push the price up extremely.
Public Awareness— Musk's post was viewed nearly 2 million times, creating a snowball effect.
Read also:What Is DOGE Killer? Check Out the Full Explanation!
The Big Risk Behind Euphoria
While a 920% gain sounds enticing, analysts warn that Shiba Asteroid lacks any fundamentals — no team, no product, no roadmap, no utility.
This token is purely driven by sentiment and virality.
Elon Musk himself has compared meme coins to gambling. In an interview with Joe Rogan, he said:
"If you expect to win from meme coins, you are stupid. You will not win with meme coins. Don't spend your life savings on meme coins."
Additionally, these token contracts allow their creators to make changes such as disabling sales, changing fees, or minting new tokens — a very serious red flag for long-term investors.
Price-wise, ASTEROID has already dropped around 30% from its ATH in just a few hours, showing how quickly euphoria can turn into panic.
Conclusion
Asteroid Shiba (ASTEROID) is a perfect example of the power and danger of meme coins in the social media era.
Fueled by an emotional moment between Elon Musk and a brave girl who had passed away, the token exploded 920% in a matter of hours — creating one millionaire overnight, while leaving another trader with lifelong regrets.
However, without clear fundamentals and with the risk of contracts being subject to change at any time, buying ASTEROID after the rise is the most extreme form of speculation.
For investors looking to try their luck, understand that you are not investing — you are gambling on sentiment that can change in an instant.
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FAQ
What is the Shiba Asteroid (ASTEROID)?
Asteroid Shiba is a meme coin inspired by a Shiba Inu doll named "Asteroid" that flew on the SpaceX Polaris Dawn mission. The token exploded after Elon Musk made it SpaceX's official mascot.
How much will the price of Asteroid Shiba increase?
The token surged more than 920% in the hours following Elon Musk's announcement. Within a week, it had risen more than 600,000% from its low.
Is it safe to buy Asteroid Shiba?
No. This token has no clear team, product, or utility. Its contract also allows the creator to shut down the sale at any time.
What does Asteroid Shiba have to do with Elon Musk?
Elon Musk officially approved a Shiba Inu doll named "Asteroid" as SpaceX's mascot, which immediately triggered a surge in the token's price.
Where can I buy Asteroid Shiba?
ASTEROID tokens are available on CEXs and Uniswap (DEX). However, be aware of extreme volatility and the risk of loss of funds.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
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