BlackRock Account Flooded With Meme Coins And NFTs As Crypto Community Plays With Giant Fund Manager

Wall Street asset management giant BlackRock is the owner of over $61k in meme coins and nonfungible tokens (NFTs) after on-chain analysts were able to track down a wallet belonging to the firm.

At least 40 coins and 25 NFTs were sent to the BlackRock wallet address by anonymous crypto users since Mar. 19. The assets sent range from a Pepe (Ordinals) coin to a CryptoDickbutts S3 NFT. 

BlackRock Wallet Bombarded By Playful Crypto Community

BlackRock’s address also received 500,000 unshETHing_Token (USH) and 10,000 Realio Network (RIO) tokens. These were the biggest transfers made to the $10 trillion asset manager’s wallet, with the USH and RIO tokens valued at $13,755 and $11,600, respectively.

Large amounts of Mog Coin (MOG), VoldemortTrumpRobotnik-10Neko (ETHEREUM) and Shina Inu (SHI) were also sent to the address. Meanwhile, notable NFTs including Chungos and KaijuKingz were also among the digital assets that made their way to the wallet. 

Look at the shitcoins that have been sent to @BlackRock ‘s 100m $USDC @ethereum wallet 🤣https://t.co/USePJM6Cus pic.twitter.com/2xz6MJvETy

— MartyParty (@martypartymusic) March 20, 2024

The first transaction made by the wallet took place on Mar. 5, when BlackRock deposited $200 USDC. Just a few days later on Mar. 15, the firm executed a test deposit of $10, before finally sending a $99,999,960 to the wallet, according to Etherscan.

The almost $100 million transfer was sent just a day after the asset manager submitted a filing for its BlackRock USD Institutional Digital Liquidity Fund (BUIDL).

Fink Rethinks 

BlackRock CEO Larry Fink labeled Bitcoin (BTC) as an “index of money laundering” in 2017, but since then he’s changed his views towards the leading crypto and the broader blockchain sector.

The asset manager filed for a spot Bitcoin ETF (exchange-traded fund) in June last year and, since its launch on Jan. 11, the fund has registered some of the highest amounts of trading activity in the entire ETF market.

With this change in perspective, Fink is now shifting his attention towards the tokenization of financial assets on the Ethereum blockchain.

“We believe the next step going forward will be the tokenization of financial assets, and that means every stock, every bond.…will be on one general ledger,” he told Bloomberg in a recent interview.

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