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351x Return in Hours: Traders Made a Fortune With 2 Different ASTEROID Tokens
TL;DR
Recent trading activity in two different ASTEROID tokens resulted in massive returns for investors, with one trader turning $960 into $337K in under two hours. Another trader on Ethereum saw their investment of 1 ETH rise to nearly $475,000 after a tweet from Elon Musk.
Key points
- Two ASTEROID tokens on different blockchains generated massive returns.
- One trader turned $960 into $337K in under two hours.
- Another trader on Ethereum saw their investment rise to nearly $475,000.
Mentioned in this story
Elon Musk
ASTEROID
The past few days have seen the rise of numerous altcoins, posting mind-blowing gains. Many of them were among the not-so-popular cohort, but quickly attracted attention following these rallies. Two of them brought immense results for a few investors. Interestingly, they share the same name but different histories.
351x Return in Hours
One of them was reported by Lookonchain. The ‘success story’ came from an entity that had spent just 11 SOL (worth approximately $960 at the time) to accumulate 158.51 million ASTEROID through three wallets. It’s worth noting that this is a Solana-based altcoin, which had just seen the light of day. Further on-chain data shows that the entity sold almost 135 million ASTEROID tokens for $135,000 worth of SOL and still held 23.76 million coins at the time of the post. In total, this resulted in a 351x return in the span of less than 120 minutes.
This guy turned $960 into $337K in less than 2 hours — a 351x return!😱
The trader spent just 11 $SOL ($960) to buy 158.51M $ASTEROID through 3 wallets.
He then sold 134.75M $ASTEROID for 1,539 $SOL ($135K) and still holds 23.76M $ASTEROID ($202K).… pic.twitter.com/mwfNa5jZYP
— Lookonchain (@lookonchain) April 17, 2026 Data from GeckoTerminal shows that the most likely seller who took advantage of the price run was a developer. Most comments below Lookonchain’s report supported this narrative, with one saying that such returns are usually a “distribution event wearing a success-story costume.” Another one alleged that this was likely the owner of the coin that needed more money and sucked in retail investors with a “smart move while the market seems bullish.”
Q&A
What is the ASTEROID token and how did it generate 351x returns?
The ASTEROID token is a Solana-based altcoin that generated 351x returns when an investor bought 158.51 million tokens for 11 SOL and sold most of them for $135,000 within two hours.
How much profit did Ethereum traders make from the ASTEROID token?
Ethereum traders made significant profits, with one turning 1 ETH into almost $475,000 after purchasing the ASTEROID token following a tweet from Elon Musk.
What are the risks associated with investing in tokens like ASTEROID?
Investing in tokens like ASTEROID carries risks such as market volatility and potential manipulation, as evidenced by comments suggesting that high returns may be part of a distribution strategy by developers.
