Does Asteroid Shiba Actually Hold a Future?

Asteroid Shiba rides hype wave after SpaceX connection

Asteroid Shiba has rapidly emerged as one of the most talked-about meme coins in recent days, fueled by a viral narrative connecting it to Elon Musk and SpaceX.

The story traces back to 2022, when 11-year-old Liv Perrotti, who was battling osteosarcoma, designed a plush Shiba Inu in a spacesuit. The toy, named Asteroid Shiba, was later sent into orbit in 2024 during the Polaris Dawn mission as a zero-gravity indicator.

The narrative resurfaced after Musk confirmed the plush as a SpaceX mascot, sparking widespread attention across social media and crypto markets.

No

Yes

Yes

Your Name

Yes, a several times. Kyoto. teamLab.

Yes

Yes

Ok 😀

— Elon Musk (@elonmusk) April 18, 2026

Riding that momentum, the ASTEROID token, built on Ethereum as a standard ERC-20 asset, quickly attracted speculative interest. With a fixed supply of around 420.69 billion tokens, it follows the familiar blueprint of meme coins inspired by Shiba Inu, relying heavily on community engagement rather than utility.

Explosive gains highlight speculative frenzy

In April 2026, Asteroid Shiba experienced a dramatic price surge, climbing nearly 920% within days and roughly 68,000% since launch. The rally pushed its market capitalization into the $150 million to $165 million range, with the token trading between $0.00032 and $0.00038 at peak activity.

Source: CoinMarketCap

Listings on platforms such as Uniswap, MEXC, and BingX further amplified visibility and liquidity, drawing in a wave of retail traders.

Trading volumes surged to between $80 million and $160 million daily, at times approaching the token’s total market cap. This resulted in a volume-to-market-cap ratio as high as 70%–88%, an indicator of intense speculative activity rarely sustained over long periods.