Lookonchain recently discovered that BlackRock Fund, one of the largest asset management firms in the world, withdrew a staggering 1.27 trillion Pepe Coins from the popular cryptocurrency exchange Binance. The tokens, which were valued at approximately $1.98 million, were sent to four newly created addresses associated with the BlackRock Fund.
Lookonchain’s analysis revealed that these addresses, which all use the Binance deposit address “blackrockfund3.eth,” are most likely linked to the BlackRock Fund. This suggests that the firm may be actively engaging in the cryptocurrency market and exploring investment opportunities in digital assets.
the BlackRock Fund’s earlier purchase of 1 trillion Pepe Coins on April 21. The fund acquired these coins at an average price of $0.0000002431, making the initial investment worth around $244,000. However, within a short span of two weeks, the BlackRock Fund sold all 1 trillion coins at an average price of $0.000002627, resulting in a significant profit. By selling its investment, the fund earned approximately $2.63 million, generating a profit of $2.39 million in the process.