Remarkable meme coin transactions were seen in the new crypto wallet of BlackRock, one of the world’s largest asset managers.
BlackRock had recently included a fund created with Securitize in a new document submitted to the U.S. Securities and Exchange Commission (SEC).
Subsequently, BlackRock affiliated wallet had previously initiated its first preparation by withdrawing 100 million USDC Coins (USDC) from Circle, the stablecoin issuer.
According to data transmitted by the on-chain analysis platform Lookonchain, BlackRock affiliated this wallet had recently started flooding various altcoins and meme coins.
Among these meme coins and altcoins are projects such as Decentralized ETF (DETF), Pepe (PEPE), unshETHing_Token (USH), Realio (RIO). With the influence of the BlackRock wallet, rises of up to 10% were seen in these projects.
None of these investments were made by BlackRock, and the 100 million USDC in the wallet is still inactive.
On the other hand, meme coin projects striving for recognition and hype by sending a certain amount of assets to BlackRock’s wallet are trying to attract attention.
Similar situations have been experienced in recent years, and some meme coin projects have managed to attract attention by sending a substantial amount of assets to Ethereum founder Vitalik Buterin’s wallet. At the same time, like BlackRock, institutional wallets can also be used as a “token burning address” assuming that the company will not sell.
