The Ethereum-based meme coin ASTEROID has surged 21.2% in the past 24 hours, reaching a market cap of $148 million, according to GMGN data. This rise follows a purchase by the top ASTEROID holder of the ENS domain 'loveasteroidtodamars.eth'. The holder, who owns 8.38 billion ASTEROID tokens, is currently sitting on an unrealized profit of $434,000. The ASTEROID coin's narrative is linked to Liv Perrotto, a 15-year-old girl whose wish to meet Musk inspired the creation of a Shiba Inu plush toy named "Asteroid." After her passing, her story gained attention, leading Musk to name Asteroid the official mascot of SpaceX. Despite its recent gains, BlockBeats cautions that meme coins like ASTEROID are highly volatile and driven by market sentiment, lacking intrinsic value or utility.