Blackrock now holds these 4mm coins
BlackRock has partnered with Securities to launch the USD Institutional Digital Liquidity Fund (BUIDL). The purpose of this innovative offering is to provide qualified investors with access to US dollar production using blockchain technology.
The fund's initial launch took notice when a $100 million transaction involving the USDC stablecoin took place on the Ethereum network. As a result, BlackRock's Ethereum address became a magnet for meme coins and NFTs.
Blackrock now holds meme coins
BlackRock Introduces BUIDL, a Channel for Eligible Investors to Earn US Dollar Returns on the Blockchain This innovation represents a significant departure from traditional investment methods. Indeed, he promised to redefine the financial system.
This is the latest advancement in our digital assets strategy. “We are focused on developing solutions that help solve real problems for our clients in the digital assets space,” said Robert Michnick, Head of Digital Assets at BlackRock.
The strategic move into the crypto market was highlighted by a significant trade of $100 million in USDC. Presumably, the funds will serve as the financing base for BUIDL.
The crypto community's response to BlackRock's initiative was swift and clear. In fact, the fund's Ethereum wallet, identified by the address 0x13e003a57432062e4EdA204F687bE80139AD622f, has become a magnet for airdrops of meme coins and NFTs. Among these digital assets, four meme coins stand out:
DETF Token (DETF), 250,000 tokens valued at $15,385.66, Realio Network (RIO), 10,000 tokens valued at $13,800.10, unshETHing_Token (USH), a total of 500,000 tokens valued at $120 (Sheena), and 7,214 valued at $19. ,541 marks price 9 165.50 dollar
Read more: 7 Hot Meme Coins and Altcoins Trending in 2024
As BlackRock embraces a new era of investment, combining traditional financial rigor with the dynamism of blockchain technology, the decision to hold or sell these meme coins is still pending.
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