ASTEROID, a memecoin inspired by a deceased girl's plush toy design, skyrocketed over 68,000% in a week after Elon Musk's replies on social media, despite having no official ties to SpaceX. Early traders saw significant profits, but the coin's future relies on narrative rather than formal endorsement.

On April 19, on-chain analyst Ai姨 reported that an address accrued 1.85 billion ASTEROID tokens, costing $707,000, with an average price of $0.0003822. Currently, the position is down $100,000 and is the address's largest holding.

Gate News message, according to Gate’s official announcement, Gate has launched live spot trading for the ASTEROID/USDT perpetual contract, using USDT settlement. The contract supports going long and short with 1-20x leverage, and users can choose the leverage multiplier themselves when placing an order.

A trader with 8.02 billion ASTEROID tokens has achieved $2.6 million in unrealized gains after holding the position for over 580 days, as reported by Lookonchain.

Elon Musk's online activity revived interest in a cryptocurrency token known as "Asteroid crypto," causing increased trading and volatility on decentralized exchanges. Market reactions were driven by social media references, illustrating the token's sensitivity to influencer attention.

A trader bought 8.02 billion ASTEROID tokens for 9.1 ETH in September 2024, holding them for over 580 days. After Elon Musk's mention, the token's market cap surpassed $20 million, increasing the trader's investment value to about $392,000.

A trader turned 11 SOL into $337,000 in under two hours by using three wallets to buy 158.51 million ASTEROID tokens and later selling most for 1,539 SOL, while retaining 23.76 million tokens worth about $202,000.

The top ASTEROID holder, Ily, bought tokens for around $5,920 at $0.00043 each and now has unrealized gains of $130,000, marking a return of 2,164%.

CryptoQuant founder Ki Young Ju stated on the X platform that MicroStrategy would only go bankrupt if an asteroid hit the Earth, refuting rumors of Michael Saylor dumping Bitcoin. He pointed out that Saylor needs shareholder approval to sell Bitcoin and emphasized that there are various ways for MicroStrategy to address debt issues, and the risk of bankruptcy does not exist. Even if Bitcoin falls to $10,000, MicroStrategy would only restructure its debt.