BlackRock receives memecoins, NFTs after depositing $100M USDC onchain

The recent discovery of a supposed wallet connected to asset management giant BlackRock has sparked intrigue within the crypto community. Following a $100 million USD Coin (USDC) deposit onto the Ethereum blockchain on March 15, users have observed a series of transfers to the wallet, resulting in BlackRock becoming the owner of at least $40,000 worth of memecoins and nonfungible tokens (NFTs).

Since March 19, various crypto assets have been sent to the BlackRock-labeled address. These transfers include Bitcoin-based Ordinals Pepe (PEPE) coins, CryptoDickbutts S3 NFTs, 500,000 unshETHing_Token (USH), and 10,000 Realio Network (RIO) tokens. Notably, the RIO token, a real-world asset tokenization coin, experienced a 47% increase in value following its transfer to BlackRock.

In addition to these, large quantities of Mog Coin (Mog), VoldemortTrumpRobotnik-10Neko (ETHEREUM), and Shina Inu (SHI) tokens were also sent to the address. The presence of these diverse assets suggests that BlackRock's involvement in the crypto space may extend beyond traditional investments.

This development underscores the growing interest of institutional players like BlackRock in exploring the potential of digital assets, including memecoins and NFTs, as part of their investment strategies.

#Web3.0 #NFT #Blockchain #Crypto #Cryptocurrency #AI #Metaverse #OpenSea #AR