SpaceX Mascot Meme Coin Fails to Rally Alongside IPO Hype, ASTEROID Plunges 24% Intraday
On June 12, GMGN monitoring shows that as SpaceX’s initial public offering (IPO) nears, the on-chain meme coin ASTEROID—named after SpaceX’s official mascot “Space Dog”—has not seen a funding surge and has instead experienced a recent decline.
The Ethereum-based ASTEROID remains the highest market cap variant, with a current market capitalization of roughly $38.14 million. It has tumbled 24% over the past 24 hours, with a corresponding trading volume of around $3 million. The Solana-based ASTEROID is currently valued at $8.1 million, holding a 24-hour trading volume of approximately $320,000.
BlockBeats reminds users that meme coins are highly volatile assets heavily dependent on market sentiment and hype, with no real intrinsic value or practical utility use cases. Investors should exercise full caution regarding the associated risks.
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CNBC: Market Sentiment Warms Up, SpaceX's Epic IPO Lands on Nasdaq Today
June 12 – SpaceX is set to make its official debut on the Nasdaq this Friday in what’s on track to be one of the largest initial public offerings (IPOs) in history. Priced at $135 per share, the offering will raise approximately $75 billion, valuing the space exploration firm at around $1.77 trillion.
Per CNBC, the IPO will push SpaceX into the rank of the world’s seventh-most valuable U.S.-listed company — a milestone widely viewed as a critical step toward founder Elon Musk becoming the planet’s first trillionaire.
The outlet adds that retail investor allocations for the offering came in below initial expectations, landing just slightly above 20% — a figure underscoring robust demand from institutional investors and intense competition for shares.
On the eve of SpaceX’s listing, global stock markets rallied broadly as risk appetite rebounded. A key catalyst for this shift: a sharp turnaround in U.S. President Donald Trump’s stance on Iran, with Trump announcing a U.S.-Iran agreeme
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Iranian MP: US Attack on Iran Aimed at Pressure, to Support Negotiations
June 12 (via CCTV) — U.S. President Donald Trump stated on June 11 that the U.S. military would conduct a "very strong" strike against Iran that night, though he later called off the operation. The announcement followed U.S. military attacks on multiple Iranian locations two days prior.
Ibrahim Azizi, chairman of Iran’s National Security Committee (part of the Islamic Consultative Assembly), told media on June 11 that this recent round of U.S.-Iran confrontations is not a "war" but rather "U.S. high-pressure tactics" designed to achieve its goals.
Azizi explained Washington is using military pressure to back negotiations, aiming to secure outcomes it could not obtain on the battlefield. He emphasized the U.S. must accept that Iran is no longer the country it once was: tempered by conflict, Tehran has made major advances in military, defense, political and economic areas alike.
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On-chain SpaceX's largest whale continues to accumulate in the afternoon, with a position size reaching $21.4 million.
June 12 — Per Hyperinsight’s monitoring (https://t.me/HyperInsight), on the eve of SpaceX’s initial public offering (IPO), the largest long whale on Hyperliquid increased its position in the afternoon hours. The whale’s position size rose from $17.6 million in the morning to $21.4 million, with its average entry price climbing to $167.2. Unrealized gains for the whale have expanded to $1.68 million, a +17% increase. As of press time, this whale is still gradually accumulating additional assets.
Whale wallet address: 0x9cc10bd3c7e2486c0ae4623e4f7cc3ff143fac56
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Goldman Sachs Lowers 2027 Oil Price Forecast: Supply Expansion to Constrain Medium-Term, But Geopolitical Risks Still Pose $140 Upside Risk
On June 12, Goldman Sachs cut its 2027 Brent crude oil price forecast to $80 per barrel in a new report, pointing to ongoing global oil supply growth and sluggish demand as key drivers of the downward revision.
The Wall Street bank noted that major oil producers including the U.S., Brazil, Guyana, Venezuela, and the UAE have ramped up output sharply in recent months. Meanwhile, China’s rapid energy structural shift is altering the global oil demand growth trajectory.
Even with the long-term outlook marked down, Goldman remains bullish on medium-term oil prices, projecting Brent crude will average around $90 per barrel in the fourth quarter of 2026.
On supply shocks, the firm said recent shipping disruptions around the Strait of Hormuz have had a smaller-than-anticipated impact. While the global supply gap briefly widened, it was partially offset by weak demand and structural oversupply. Goldman now expects Gulf crude exports to return to normal by the end of August, pushing back its
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