Meme Coin ASTEROID experiences a brief 16% surge, bringing its market cap back above $150 million

BlockBeats News, April 20th, according to GMGN monitoring, the Ethereum-based Meme coin ASTEROID surged 16% in 1 hour, with a market cap rising above $150 million, currently standing at $158 million. The current price is $0.000375, with a 24-hour trading volume of $49.6 million.

It is reported that the narrative of the Meme coin ASTEROID originated from a 15-year-old girl, Liv Perrotto. Her biggest wish before she passed away was to meet Musk and she took part in designing a Shiba Inu-shaped plushie named "Asteroid." After the girl's death, her mother publicly wrote a letter requesting Musk's support, which was amplified by the well-known media personality Glenn Beck on his show. On April 19th, Musk agreed to have Asteroid as the mascot of SpaceX.

BlockBeats reminds users that Meme coin trading is highly volatile, mostly driven by market sentiment and hype around concepts, with no real value or use case. Investors should be aware of the risks.