AI · The Defiant
Memecoin Sector Indicates Signs of Life as ASTEROID Rockets Past $25M
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The memecoin trenches are showing signs of renewed life this week, led by an unlikely catalyst, a Shiba Inu plush toy that once floated in zero gravity aboard a SpaceX spacecraft.
Key facts
- Broader Memecoin Sector Stirs The micro-cap action comes as the broader memecoin sector attempts to stabilize after a punishing 2025, during which total memecoin market capitalization fell from $93.1
- Arkham highlighted another wallet that is sitting on more than $400,000 in unrealized profits after spending 1 ETH ($2,400) on the token shortly after Musk’s response
- On Solana, the UNC memecoin surged above $21 million on Thursday with $15.3 million in trading volume, the highest on the chain that day
- ASTEROID, an Ethereum-based memecoin named after the toy that flew on SpaceX's Polaris Dawn mission in September 2024, surged more than 70,000% in 24 hours to a $28 million market cap on Friday
Summary
ASTEROID, an Ethereum-based memecoin named after the toy that flew on SpaceX's Polaris Dawn mission in September 2024, surged more than 70,000% in 24 hours to a $28 million market cap on Friday. The rally was sparked by a viral post from Glenn Beck on X highlighting the story of Liv Perrotto, the 15-year-old cancer patient who designed the Asteroid plush. On-chain analyst Lookonchain flagged a wallet that spent 12 ETH (about $31,000) on ASTEROID back in September 2024 and held it for more than 580 days at near-zero value.