A trader on Solana (SOL) turned about $960 into $337,000 in under two hours by trading the Asteroid Shiba (ASTEROID) memecoin.
Particulars of the transaction indicate that the trader deployed 11 SOL across three wallets to buy 158.51 million ASTEROID tokens shortly after launch on Pump.fun, achieving a 351x return as the position surged.
They later sold 134.75 million tokens for 1,539 SOL, worth around $135,000, while retaining 23.76 million tokens valued at roughly $202,000, according to on-chain data retrieved from Lookonchain on April 18.
ASTEROID is a community-driven Solana memecoin inspired by a Shiba Inu (SHIB) plush named Asteroid, which flew as a zero-gravity indicator on Polaris Dawn.
The toy was created by 15-year-old Liv Perrotto, who passed away from cancer before the mission; her story was later shared publicly by her family.
The token’s recent surge was fueled by a viral post from radio host Glenn Beck, followed by a reply from Tesla (NASDAQ: TSLA) CEO
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