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Asteroid token gains $60M on SpaceX link

Asteroid token gains $60M on SpaceX link

  • Asteroid (CRYPTO:ASTEROID) rose more than 137% in a week after SpaceX listed an Asteroid Shiba plush toy on its online store.
  • The token’s market value briefly increased from about US$22 million to US$86 million, adding more than US$60 million in paper value.
  • SpaceX’s involvement is limited to the plush toy, with no confirmed connection to or endorsement of the cryptocurrency token.

Asteroid (CRYPTO:ASTEROID), an Ethereum (CRYPTO:BTC)-based meme token, surged more than 137% over the past week after SpaceX listed an Asteroid Shiba plush toy for sale on its online store.

The rally briefly lifted the token’s market capitalisation from approximately US$22 million to US$86 million before it retreated to around US$60 million.

The Asteroid plush was…

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