Blackrock Impacted By Memecoin Trend.

Memecoin Investors Flood BlackRock's Revealed Crypto Wallet with Numerous Altcoins and NFTs.

Asset Management Giant BlackRock Bombarded with Memecoins and NFTs After Tokenization Fund Wallet Address Leak. Investors and traders flooded the cryptocurrency wallet addresses of the company, which manages trillions of dollars, with transfers.

Following its move to issue the BlackRock USD Corporate Digital Liquidity Fund in collaboration with asset tokenization company Securitize, BlackRock deposited 100 million USDC into an address on the Ethereum network on March 15, according to data.

Starting from March 19, anonymous cryptocurrency investors sent at least 40 different altcoins and 25 NFTs to BlackRock's crypto address, ranging from Bitcoin-based Ordinals Pepe (PEPE) coin to CryptoDickbutts S3 NFT.

Additionally, 500,000 unshETHing_Token (USH) and 10,000 Realio Network (RIO) tokens were among the highest valued assets transferred, valued at $13,755 and $11,600 respectively.

According to CoinGecko, RIO gained about 80% in value in the last 24 hours after investors transferred the token to BlackRock.

The company's wallets also contain significant amounts of other crypto assets like Mog Coin (Mog), VoldemortTrumpRobotnik-10Neko (ETHEREUM), and Shina Inu (SHI).

Chungos and KaijuKingz Among Key NFTs Sent to Asset Manager.

It has been revealed that the first deposit of 200 USDC to a BlackRock address on the Ethereum network was made on March 5th. According to Etherscan data, after conducting a $10 test transfer on March 15th, the company deposited an additional $99,999,960 a few blocks later.

BlackRock's CEO, Larry Fink, once described Bitcoin as a "money laundering index" in 2017; however, since then, his views on both Bitcoin and the blockchain industry have undergone significant transformation. During this period, the company's approach has also changed markedly, receiving approval for a spot Bitcoin ETF application in June 2023, which has captured some of the largest volumes in the market.

Now, Fink and BlackRock are focusing on the tokenization of financial assets on Ethereum. In a recent interview with Bloomberg, Fink stated that the tokenization of financial assets will be the next big step forward, meaning that every stock and bond will exist on a single general ledger.

The company plans to launch the USD Corporate Digital Liquidity Fund under the name "BUIDL." Securitize Markets will offer eligible investors the opportunity to earn returns in U.S. dollars through this fund.

For the latest developments and news in the cryptocurrency markets, stay updated with Kriptospot.com.