Ethereum meme coin ASTEROID briefly tops $160M market cap

ASTEROID, an Ethereum-based meme coin launched in September 2024, briefly climbed above a $160 million market capitalization after reports that Elon Musk agreed to make "Asteroid" the mascot of SpaceX. Based on GMGN pricing data, the token is now valued at about $114 million. ASTEROID has surged 519% over the past 24 hours, with trading volume reaching $77.4 million.