Alleged Blackrock Wallet address has withdrawn PEPE worth $ 1.2 million: On-CHAIN ​​Data

Alleged Blackrock Wallet address has withdrawn PEPE worth $ 1.2 million: On-CHAIN ​​Data

The rise of Pepe has sparked the interest of the investors in Memecoins again, and the excitement continued, even when the Bitcoin rally stalled in 2023.

A wallet with the name of the investment giant Blackrock on May 18, 1,27 trillion Pepe (which corresponds to a value of around $ 1.98 million) withdrawn from Binance at four addresses.

• according to the lookonchain Data Use the same bony deposit address as Blackrockfund3.eth.
• On April 21, the Blackrock Fund 1t Pepe (then worth around $ 244,000) bought an average price of $ 0.0000002431 and sold the total inventory (then worth $ 2.63 million) on May 5 at an average price of $ 0.000002627 and thus benefited by ten times. ie about $ 2.39 million in the process.
• The on-chain platform speculated that the four addresses were most likely created by the American investment company.
• While prominent market participants are not unusual to choose Memecoins, many were skeptical about the excitement of the participation of Blackrock, especially because it is the world's largest asset manager.
• Although Blackrock initially hesitated to open up the industry, it continuously increased its portfolio allocation in cryptocurrencies and then gained awareness with his coinbase partnership.
• Blackrock was also one of the most famous investors from FTX. Therefore, the idea appears that the investment giant jumps on the PEPE train through the collapsed crypto exchange just a few months after the loss of $ 24 million, highly unlikely.
• In an annual letter to the shareholders, Larry Fink, CEO of Blackrock said that the asset manager explored blockchains and the tokenization of stock and bond areas of the digital asset ecosystem.

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