Elon Musk's SpaceX-Linked Meme Coin Asteroid Shiba Surges 80,000% After Musk’s Engagement

Asteroid Shiba, a meme coin connected to SpaceX's Polaris Dawn mission and created by teenager Liv Perrotto, skyrocketed over 80,000% in 24 hours. The rally was driven by Elon Musk’s social media activity and trader enthusiasm, but analysts warn of risks like holder concentration and market manipulation. This surge underscores the volatile nature of space-themed meme coins and introduces questions about sustainability and investor caution.