Anonymous users sent BlackRock’s wallet address memecoins and NFTs added $100 million in USDC to a wallet on Wednesday.
BlackRock’s wallet address holds 48 different memecoins and 28 non-fungible tokens (NFTs).
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Posted March 21, 2024 at 1:22 am EST.
Asset manager BlackRock put a little over $100 million in USDC in a wallet on Ethereum on Wednesday, blockchain data from Etherscan shows. That wallet now contains at least 48 different memecoins and 28 non-fungible tokens (NFTs) thanks to anonymous crypto users that took the opportunity to send the address a flurry of tokens in true degen fashion.
BlackRock adds $100,000,135 in $USDT to a wallet…
…and…
it’s now full of memecoins!🤗https://t.co/GnClbqA9Yc pic.twitter.com/GWaM7xgIeV
— LunarCrush (@LunarCrush) March 19, 2024
Blockchain sleuths tagged the wallet at BlackRock’s wallet address after linking it to the BlackRock USD Institutional Digital Liquidity Fund – a new tokenized fund on the Ethereum network that trades under the ticker BUIDL.
The fund, launched in partnership with San Francisco-based Securitize Markets, will offer investors the opportunity to earn U.S. dollar yields through tokenized onchain investment products. Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks are among the fund’s initial ecosystem participants, who will also act as infrastructure providers when it comes to things like custody and redemptions.
Market participants were undoubtedly excited about the new fund, but in addition to the more serious takes about how a tokenized fund on Ethereum from the world’s largest asset manager legitimizes the digital asset industry as a whole, some users chose to commemorate the occasion with memecoins.
Currently, BlackRock’s wallet address holds 500,000 unshETHing_Token (USH) and 10,000 Realio Network (RIO) tokens, sent by anonymous users shortly after the wallet was discovered. Data from CoinGecko shows that RIO, which is a real-world asset tokenization coin, is up 47% since the transfers were made.
Users also flooded the wallet with tokens like Pepe (PEPE), Cramer Coin (CRAMER) and VoldemortTrumpRobotnik-10Neko (ETHEREUM). Some users also sent NFTs like Chungos , Tubby Cats and KaijuKingz to BlackRock’s wallet address.
Larry: “wait a minute- you’re telling me our fund already made $42K?? how can that be possible? we just deployed yesterday!”
Staffer: “well sir, it appears that big-dick-fink.eth and several others have been sending tokens to our wallet. i’m having accounting catalog it all now” pic.twitter.com/kqeXOWPgBv
— DCinvestor (@iamDCinvestor) March 21, 2024
While users often send memecoins to well-known names in the crypto space as a joke, they are sometimes lost for words when the recipients re-gift these coins to other places. In 2021, Etheruem cofounder Vitalik Buterin burned 90% of the unsolicited dog-themed memecoins in his wallet and donated the rest to charities.
