SNEAK PEEK

  • BlackRock Fund executed a significant transaction involving 1.27 trillion PEPE.

  • The fund transferred $1.98 million worth of coins from Binance to four other addresses.

  • BlackRock Fund previously earned a 10-fold return on its $PEPE investment, making a profit of $2.39 million.

In a startling turn of events, investment giant BlackRock Fund recently executed a significant transaction involving 1.27 trillion PEPE. According to Lookonchain’s tweet, the PEPE worth $1.98 million was transferred from Binance, a renowned cryptocurrency exchange, to four other addresses. 

1/ We noticed that BlackRock Fund withdrew 1.27T $PEPE ($1.98M) from #Binance to 4 addresses 2 hrs ago.

And BlackRock Fund made $2.39M(10x) on $PEPE before! pic.twitter.com/WgVnCGXpnt

— Lookonchain (@lookonchain) May 18, 2023

The move occurred two hours ago and captured the crypto community’s attention, shedding light on BlackRock Fund’s remarkable investment strategy. Furthermore, upon closer examination, it has come to light that the four addresses associated with the massive withdrawal share a standard Binance deposit address. 

This finding strongly suggests that these addresses are associated with the BlackRock Fund. Moreover, these addresses are likely to have been newly created by the influential investment powerhouse. Astonishingly, this is not the first time the renowned fund has showcased its acumen. 

Reports indicate that it previously netted an impressive profit of $2.39 million, marking a staggering 10-fold return on its initial PEPE investment. Further, BlackRock Fund’s strategic prowess in the crypto market becomes even more evident when examining the specific details of its $PEPE investment. 

On April 21, the fund acquired a staggering 1 trillion PEPE coins, equivalent to approximately $244,000 at that time. Holding steadfast, BlackRock Fund capitalized on the market’s rising tide, selling off its entire PEPE holdings on May 5. This timely move yielded an impressive profit of approximately $2.39 million. 

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