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.
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. Trading volume spiked above $43 million, according to DexScreener data, with some early holders recording six-figure gains.
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