Meme Coin Whale Chasing ASTEROID Faces Zero Win Rate, Trapped with Nearly $100,000 in Unrealized Losses

BlockBeats News, April 19, according to on-chain analyst Ai Auntie (@ai_9684xtpa), address 0xb01…58c68 has spent a total of $707,000 in the past 10 hours to chase up the price of 1.85 billion ASTEROID tokens, with an average price of $0.0003822 per token, now facing an unrealized loss of nearly $100,000.

Currently, ASTEROID has become the top holding token in this address, which has only traded four types of Meme tokens, all ending in losses, including a $1.64 million loss on CULT.

Furthermore, according to GMGN market data, this morning Musk agreed to have Asteroid as the mascot of SpaceX. Encouraged by this news, the Ethereum-based Meme coin ASTEROID (which first launched in September 2024) temporarily surpassed a $160 million market cap, reaching a daily high of $194 million, and is now back to $137 million, still up by 700% in the last 24 hours with a trading volume of $125 million.

BlockBeats reminds users that Meme coin trading is highly volatile, mostly driven by market sentiment and hype, lacking practical value or use cases. Investors should be aware of the risks involved.