SpaceX IPO Surge Drives ASTEROID Meme Coin Price Up 50% Amid High Trading Volume

SpaceX's record valuation triggered capital inflows into related narratives, causing the ASTEROID meme coin to surge 50% on Ethereum with $21M volume. Solana-based tokens also rose 20%, reflecting strong market sentiment.

Data compiled by Woofun AI shows that SpaceX’s stock price reached a new all-time high following its IPO, with market valuation nearing $3 trillion. This milestone catalyzed significant capital rotation into associated crypto narratives, particularly benefiting assets linked to the company’s branding.

The official mascot 'Space Dog' inspired a corresponding rally in the on-chain namesake Meme coin ASTEROID. On the Ethereum network, the token’s price surged over 50% within two hours, peaking at a market value of $61 million before settling at $57.6 million.

Concurrently, the Solana-based version of the token appreciated by approximately 20%, reaching a current market value of $6 million, while 24-hour trading volume exceeded $21 million.