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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Nascent withdrew 447.67 billion PEPE from Binance 6 hours ago, accounting for the largest proportion in its investment portfolio
Spot On Chain reported that six hours ago, Nascent withdrew 44.767 billion PEPE coins (worth $5.48 million) from Binance, currently with a profit of $262,000 (+4.8%). Currently, PEPE ranks first in the investment portfolio of the venture capital firm, followed by MKR, with a total profit of $2.45 million (+248%).
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