BlockBeats News, May 12th, St. Jude Children's Research Hospital crypto donation organizer Marc revealed that during the process of receiving cryptocurrency donations for the hospital, the team has completed a phased exit operation for ASTEROID-related assets.

The original donation of approximately 0.5% of the ASTEROID tokens was made to the institution's ETH wallet and was held long term due to the lack of an immediate fiat exchange pathway. Subsequently, the token's price experienced a significant increase, with the holding value fluctuating between $500,000 and $1 million.

After obtaining approval from the institution, the team conducted 12 gradual sell-offs through a decentralized exchange within about 48 hours, attempting to minimize market impact during the process. They ensured that liquidity remained at no less than approximately $3.5 million and kept the net buying pressure within a certain range.

Ultimately, the entire position was converted into approximately 290 ETH, valued at around $676,000, and will be used to support St. Jude Children's Hospital's medical and research projects.