Asteroid Shiba Drops 14% After Mystery Trader Cashes In With $1M – What’s Next?

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Asteroid Shiba Price Down 14% as Mystery Trader Cashes In After 731,000% Rally

ASTEROID Shiba is currently down around 14.82% in the past 24 hours, trading near 0.000368. 

ASTEROID’s price has recently skyrocketed, increasing by over 730,000% in the last month. This rapid growth has led some investors who bought in early to sell their holdings and secure profits.

Unknown Trader Makes Over $1 Million

A little-known trader on X (formerly Twitter) recently made a huge profit from a cryptocurrency token, turning a small investment into a significant gain. The story gained attention today after the blockchain analytics firm Arkham highlighted the surprising success of the account, which had only nine followers.

A trader with only 9 followers just made over a million dollars. Known as @404eq, he invested $17,500 in a cryptocurrency called ASTEROID when its market value was $2.5 million. Since then, his investment has skyrocketed, earning him over $1 million. It seems he’s extremely optimistic about ASTEROID’s future.

— Arkham (@arkham) May 7, 2026

Arkham Intelligence reports that a trader with the username @404eq invested approximately $17,500 in ASTEROID when the token’s total market value was only $2.5 million. Since then, that wallet has seen its profits climb over $1 million as the meme coin’s price increased dramatically.

Still Holding Big ASTEROID Bags

The unidentified wallet hasn’t sold off all of its tokens yet. Arkham data shows the trader sold around $118,900 worth of ASTEROID and sent $187,000 to CookerFlips, but still holds almost $750,000 worth of the token.

He made $118,900 in sales, transferred $187,000 to CookerFlips, and currently holds $750,000 worth of ASTEROID. You can find transaction details for ‘Track 404eq’ on Arkham.

— Arkham (@arkham) May 7, 2026

This has led to a lot of discussion online within the crypto community, with people wondering if the trader believes the price will rise significantly again.

What Happens Next?

Currently, ASTEROID’s price seems to be dropping as investors sell to secure profits after its recent, rapid increase. If buyers step in and the price stays above $0.00035, the token could find stability.

If ASTEROID falls below its current support level, it could potentially drop to around $0.00034. Traders are also keeping an eye on whether trading activity calms down after the recent surge.

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2026-05-07 14:23