There is speculation on Crypto Twitter that BlackRock Fund, the world's largest asset manager, may be holding Pepe (PEPE) memecoin. This speculation arose when a wallet labeled BlackRock withdrew 1.27 trillion in PEPE tokens worth $1.98 million from Binance to four addresses on May 18. Lookonchain suggested that the addresses were likely created by the investment firm. However, some are skeptical that the wallet belongs to BlackRock, as the idea of the world's largest asset manager trading memecoins seems unlikely. Despite this, PEPE's value has surged massively in recent weeks, reaching a market cap of over $1 billion.
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Speculation Emerges That BlackRock Fund Holds Pepe Memecoin Worth $1.98 Million
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Cointime May 12 News Express
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Paribu wallet address transferred more than 4 trillion PEPE, worth about 31 million US dollars
According to Whale Alert monitoring, the Paribu wallet address transferred 4,049,371,347,309 PEPE tokens worth approximately $31,091,073 via the Ethereum blockchain at around 17:20 today, and all tokens were transferred to an address starting with "0xa23c".
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