Asteroid Shiba falls 40% after Musk reply triggers 68,000% rally

Musk’s “Will answer shortly” ignited Asteroid Shiba. Market cap jumped from ~$50,000 to ~$23 million within hours, then momentum cooled.

The token’s origin drove interest. It was inspired by Liv Perrotto’s Shiba plush and her wish to make it a SpaceX mascot, shared publicly by Glenn Beck (Beck’s post; CoinGecko page).

Musk replied with three words — “Will answer shortly.” That reply coincided with a surge from ~$50K to a ~$23M peak, per Arkham (Arkham data).

Whales and degens piled in fast. Arkham flagged rapid inflows, while traders placed 5–6 figure bets that Musk could embrace the mascot angle (Arkham thread; Wals tweet).

Liquidity concentrated on ETH. Activity spiked as the Musk narrative spread.

By week’s end, ASTEROID showed a 68,428% seven-day gain, then a 24h drawdown of about 40%, per CoinGecko (CoinGecko price).

Only public signal so far from Musk is “Will answer shortly.” The trade is narrative-driven around SpaceX mascot speculation (Wals tweet).