Blackrock, one of the world’s largest asset managers, recently launched the ‘USD Institutional Digital Liquidity Fund’ (BUIDL), which allows investors to earn US dollar returns.
The BUILD fund attracted a lot of attention, and after its launch, various meme tokens and NFTs were sent to BUIDL’s wallet.
According to Spot on Chain’s post, while altcoins such as DETF, USH and ROI came to the BULD fund, the prices of these altcoins increased by up to 20% due to the effect of the BlackRock wallet.
While none of these altcoin transfer transactions were made by BlackRock, the 100 million USDC that Blackrock initially transferred to its wallet is still waiting.
“After BlackRock launched the first $100 million tokenized fund on Ethereum, the fund wallet “0x13e” received various meme tokens and NFTs worth about $100 thousand: 250 thousand DETF ($20.7 thousand), 10 thousand RICO (15.7 thousand dollars), 500 thousand USH (13.9 thousand dollars)
BlackRock, in collaboration with Securitize, yesterday announced the ‘USD Institutional Digital Liquidity Fund’ ( BUIDL ) which allows investors to generate US dollar yield. “BlackRock withdrew 100M USDC from Circle for this fund 6 days ago.”
After BlackRock debuted the first $100M tokenized fund on #Ethereum, the fund wallet 0x13e has attracted ~$100K worth of various #memecoins and NFTs, such as:
• 250K $DETF ($20.7K)
• 10K $RICO ($15.7K)
• 500K $USH ($13.9K)Notably, @BlackRock, in collaboration with… pic.twitter.com/pdNtNhJmrO
— Spot On Chain (@spotonchain) March 22, 2024
*This is not investment advice.
