The rise and fall of ASTEROID: Solana Chain continues to reach new highs, can early Ethereum community donations of 100 yuan support a market value of 120 million?

According to BlockBeats, on May 13th, GMGN monitoring showed that ASTEROID, the space dog token on the Solana chain, surged again this morning, with its market capitalization exceeding $18 million at its peak, currently standing at $15 million. While the price of other tokens continues to rise, the price of ASTEROID on the Ethereum chain has been declining during the same period, down 38% week-on-week, but its market capitalization remains high at $120 million. Meanwhile, controversy on social media is intensifying, mainly revolving around the claim that Ethereum, through small early donations, cashed out after the recent surge in token value, without providing substantial assistance to the girl. Can this charitable narrative support a market capitalization exceeding $100 million? It is understood that during the initial token issuance in 2024, the Ethereum community was allocated approximately 0.5% of the supply (approximately 2.1 billion tokens). However, the token remained stagnant for a long period before the girl's death (January 2026), with holdings at that time having a market value of only about $100, making the donation negligible. Recently, ASTEROID's market capitalization surged due to the combined effects of the Musk effect and the SpaceX mascot concept, leveraging its "OG" status. The aforementioned early tokens were subsequently sold for $676,000, with the proceeds donated to St. Jude Children's Research Hospital. Some critics argue that while this aligns with the girl's wishes, it didn't provide substantial support during her lifetime. Currently, the Solana community continues to donate directly to the girl's mother through transaction fees, reaching $270,222 as of this writing. The Ethereum community has not yet followed suit with any new substantive charitable initiatives. The uniqueness of its charitable narrative is being diluted by the ongoing actions of the Solana community. However, the dual endorsement of Musk's personal influence and the SpaceX mascot remains the core anchor supporting ASTEROID's high market capitalization on the Ethereum blockchain. BlockBeats reminds users that Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and lacks real value or use cases. Investors should be aware of the risks.