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$ASTEROID Shiba is currently down around 14.82% in the past 24 hours, trading near 0.000368.
The correction comes after $ASTEROID’s massive 731,582% surge over the past 30 days, triggering aggressive profit-taking from traders who entered early in the rally.
Unknown Trader Makes Over $1 Million
The token made headlines today after blockchain analytics platform Arkham revealed that a mystery trader with only nine followers on X turned a small investment into a massive win.
THIS GUY HAS 9 FOLLOWERS – HE JUST MADE A MILLION DOLLARS
— Arkham (@arkham) May 7, 2026
Nobody knows who trader @404eq is – but he bought $17.5K of $ASTEROID at an average of $2.5M Market Cap.
Since then, he’s up over $1 Million. How bullish is he on $ASTEROID? pic.twitter.com/OvRUPZvMkw
According to Arkham, trader @404eq bought around $17,500 worth of $ASTEROID when the token’s market cap was sitting near just $2.5 million. Since then, the wallet’s profits have surged past $1 million as the meme coin exploded higher.
Still Holding Big $ASTEROID Bags
The mystery wallet has not fully exited the position yet. Arkham later revealed that the trader sold about $118,900 worth of $ASTEROID and transferred another $187,000 to CookerFlips, but is still holding nearly $750,000 worth of the token.
He sold $118.9K, sent $187K to CookerFlips, and is still holding $750K of $ASTEROID.
— Arkham (@arkham) May 7, 2026
Track 404eq on Arkham:https://t.co/cDm1DGODP8
That has sparked speculation across crypto social media about whether the trader expects another major rally ahead.
What Happens Next?
For now, the biggest factor driving $ASTEROID appears to be profit-taking after its parabolic move. Hence, technically, the token could stabilize if buying pressure returns and price holds above the key $0.00035 level.
However, if $ASTEROID breaks the support, the next downside target could move closer to $0.00034. Traders are also watching whether trading volume begins to normalize after the recent frenzy.