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- ASTEROID Shiba is correcting after a 731,000% monthly surge.
- A mystery trader has locked in over $1M in gains but still holds $750K.
- $0.00035 support level may decide the next major price move.
ASTEROID Shiba is seeing a sharp cooldown after an explosive month that pushed the meme coin into the spotlight. The token is currently down about 14.82% in the past 24 hours, trading near $0.000368. The pullback follows an extraordinary 731,582% surge over the past 30 days, a move that naturally triggered heavy profit-taking from early entrants.
Sharp correction follows parabolic rally
After such a dramatic upward run, volatility was almost inevitable. ASTEROID Shiba’s recent drop reflects traders locking in gains rather than a shift in long-term sentiment. The scale of the rally attracted short-term speculators, many of whom are now exiting positions to secure profits.
Despite the pullback, trading activity remains elevated, suggesting the market is still actively reassessing fair value after the token’s rapid expansion.
Mystery trader turns $17,500 into over $1 million
One of the most talked-about stories around ASTEROID comes from blockchain analytics firm Arkham, which identified a low-profile trader behind a remarkable win. The wallet, linked to X user @404eq, reportedly invested around $17,500 when ASTEROID’s market cap was only about $2.5 million.
As the token surged, that position ballooned into more than $1 million in unrealized gains. Arkham data shows the trader has already realized part of the profit, selling roughly $118,900 worth of tokens and moving another $187,000 to CookerFlips. Even so, nearly $750,000 in ASTEROID remains in the wallet, fueling speculation that the trader may still be betting on further upside.
Key levels traders are watching next
Market participants are now focused on whether ASTEROID can stabilize after its rapid correction. The $0.00035 level is emerging as a critical support zone. If buyers defend this area, the token could consolidate and rebuild momentum.
Also Read: Shiba Inu Drops 400B Tokens From Exchanges — Is a Price Surge Next
However, a breakdown below support could expose the price to further downside, with traders eyeing $0.00034 as the next potential target. Volume trends will also be crucial in determining whether the recent hype cycle is cooling or simply resetting.
ASTEROID Shiba is entering a pivotal phase after one of its most aggressive rallies to date. While short-term pressure is dominated by profit-taking, the presence of large unrealized gains—especially from early whales—suggests the story is far from over. The next move will likely depend on whether fresh demand returns to absorb selling pressure or if the market continues to unwind recent gains.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
