The Ethereum-based meme coin ASTEROID has surged nearly 30% in the past 24 hours, reaching a market capitalization of $164 million. Trading volume for ASTEROID hit $12 million during this period. The coin's narrative is linked to 15-year-old Liv Perrotto, who designed a Shiba Inu-style plush toy named "Asteroid" before her passing. Her story gained attention after her mother wrote a letter to Elon Musk, which was highlighted by Glenn Beck. On April 19, Musk agreed to make ASTEROID the official mascot of SpaceX. Despite the recent surge, ChainCatcher advises caution, noting that meme coins like ASTEROID are highly volatile and driven by market sentiment rather than intrinsic value. Investors are urged to be aware of the risks associated with such speculative assets.