BlockBeats News, May 12, according to GMGN monitoring, the on-chain market cap of ASTEROID on Solana reached a peak of $15 million and then slightly retreated, now standing at $13.5 million, with a 24-hour trading volume of $3.3 million. The on-chain Meme of the same name on Ethereum experienced an 11% decline during the same period, currently at $125 million.

The narrative of the Meme coin ASTEROID originates from a 15-year-old girl, Liv Perrotto. Her biggest wish before her death was to meet Musk, and she was involved in designing a Shiba Inu-shaped plush toy named "Asteroid." After the girl passed away, her mother publicly wrote a letter to Musk, which was later replayed by the well-known media personality Glenn Beck on his show. On April 19, Musk agreed to have Asteroid become the mascot of SpaceX.

Yesterday, Marc, the organizer of the Saint Jude Children's Research Hospital crypto donation, revealed that during the process of receiving cryptocurrency donations for the hospital, the team has completed a phased exit operation of the ASTEROID-related assets. Initially, about 0.5% of the ASTEROID tokens were donated to the institution's ETH wallet and held long term due to the lack of an immediate fiat conversion path. Eventually, this position was entirely converted into approximately 290 ETH, worth about $676,000, and will be used to support the hospital's medical and research projects.

BlockBeats reminds users that Meme coin trading is highly volatile, largely driven by market sentiment and hype around concepts, with no real value or use case. Investors should be aware of the risks.