Key Takeaways:
The Ethereum-based meme coin Asteroid Shiba (ASTEROID) fell 1.7% to $0.0003965 as of April 22, after a more than 670,000% weekly gain was met with warnings over its smart contract security.
CoinGecko data shows the token, which has no utility or roadmap, reached its peak price on April 21, 2026, fueled by a narrative connecting it to a Shiba Inu plush toy flown on the Polaris Dawn space expedition. The story gained viral traction, with traders linking it to Elon Musk’s SpaceX.
The token achieved a market capitalization of approximately $154.7 million, with 24-hour trading volume at $62.4 million, according to CoinGecko. On-chain data from Etherscan confirms the token has roughly 22,799 holders, indicating significant market engagement despite its weak fundamentals.
However, the primary risk stems from its smart contract. A GoPlus security alert highlighted by CoinGecko warns that the contract owner retains centralized control, including the ability to block sell transactions, mint new tokens, and modify fees. This structure introduces significant risk of financial loss from potential contract manipulation, independent of market price action.
The project’s origin is tied to a plush toy created by a young cancer survivor, which served as a zero-gravity indicator on the Polaris Dawn mission. This compelling story, amplified on social media, drove the speculative price surge. Despite the viral run, the token has no official connection to SpaceX or Elon Musk.
From a technical perspective, analysts identify key levels for the token's consolidation. The immediate support zone is at $0.00030. A break below this level could signal weakening demand and a potential slide toward $0.00026. Upside resistance is at the recent high near $0.00049, which would require renewed narrative momentum to overcome.
This article is for informational purposes only and does not constitute investment advice.
