The Hedera network experienced a significant surge in its native token, HBAR, following a misinterpreted announcement regarding BlackRock's involvement in a tokenization project. Initial reports suggested that BlackRock had tokenized its ICS US Treasury money market fund on Hedera, leading to a dramatic increase in HBAR's value by over 90%. However, it was later clarified that BlackRock was not directly involved in the tokenization. This clarification caused HBAR's price to slump by more than 25% after the initial surge.
Hedera Jumps 113% Amid BlackRock Confusion ► https://t.co/JGyTESMH0Y https://t.co/JGyTESMH0Y
Archax Co Founder / CEO has CONFIRMED that Blackrock was aware of their tokenization of the money market fund on $HBAR. Yes, they did not “partner” with Hedera here. This is a project built on Hedera, that has chosen to tokenize a Blackrock fund, and it’s confirmed Blackrock…
HBAR Token Price Soars 96% After Misinterpreted Blackrock Announcement #HBAR #HBARUSDT #BlackRock #BlackRock_BR #HBARbarians @BlackRock @Cointelegraph @CoinDesk @hedera Subscribe for more AI video content. Check https://t.co/xs8K4RHWgT #AITools #voiceover #subtitles #AI https://t.co/DHBEU4Fsgj
$HBAR token price momentarily surged 96% as investors misjudged @BlackRock’s direct involvement in money market fund (MMF) tokenization on the @hedera blockchain. https://t.co/9SYKinHkdy
🚨 #Hedera's native token, $HBAR, saw an almost 100% price surge following a misunderstood announcement involving BlackRock. Initially, the Hedera Foundation's post led many to believe BlackRock was directly tokenizing its ICS US Treasury Fund on the Hedera network, which caused… https://t.co/Qg8nzKgCrN
The $HBAR token pumped 96% on news investors misinterpreted to mean @BlackRock was involved with the tokenization of its money market fund on @Hedera — when it was not. https://t.co/xB9NwCwiUs
HBAR, the native token of the Hedera blockchain, surged by 90% following a widely misinterpreted announcement from the HBAR Foundation, which caused confusion among crypto influencers https://t.co/D6cuvVhAYS
Stupid industry: Hedera’s HBAR token pumps 96% on misinterpreted BlackRock announcement https://t.co/0JoaueujpZ
Hedera $HBAR Token Price Soars 96% After Misinterpreted #Blackrock Announcement #NewsBytes https://t.co/jJxA1HQs9O
$HBAR surged by more than 107% as investors believed that BlackRock was involved in a fund tokenization project on Hedera. The token then slumped by more than 25% as BlackRock turned out to have no involvement in the launch. By @oknightcrypto. https://t.co/kzEGARbyx4
HEDERA'S $HBAR SOARS 95% ON MISINTERPRETED BLACKROCK TOKENIZATION NEWS - $HBAR, the native token of the Hedera network, skyrocketed by 95% after a misunderstood announcement involving the tokenization of a BlackRock money market fund on Hedera went live. - The HBAR Foundation's… https://t.co/S1DqMYZHsk https://t.co/uCJyN84dk3
UPDATE: HEDERA’S $HBAR WENT UP 95% ON MISINTERPRATED ANNOUNCEMENT ABOUT BLACKROCK MONEY MARKET FUND TOKENIZING ASSETS ON HEDERA
The #HBAR token pumped 96% on misinterpreted news that BlackRock tokenized its money market fund on Hedera — when it did not. https://t.co/bldgnuIXHn
.@BlackRock’s ICS US Treasury money market fund (MMF) is tokenized on @hedera. The $HBAR price has increased by more than 90% in 24 hours. https://t.co/1JiP5bkYbx https://t.co/BNp5U11oQZ
BlackRock tokenizes Money Market Fund on Hedera $HBAR soars 🚀 https://t.co/1SUfyJw95q
BREAKING NEWS : HBAR is screaming higher because Blackrock is putting a tokenized money market fund on HBAR
Huge congrats to the $HBAR @hedera barbarians🌹🎊🙌👑💎❤️ @hedera 🤝 @BlackRock https://t.co/9zM3xU9k1T
Blackrock going on chain with $hbar.... https://t.co/kwgNH5nVUC
$HBAR + BLACKROCK : My thoughts in 60 seconds! 🔥🧙🏻♂️ https://t.co/Tei7SmSBC3
942% gain on $HBAR! 200X long! 🤯🤯🤯 https://t.co/FEejLQoIt7
When you're selling, BlackRock is buying. HODL your #Bitcoin ✊ https://t.co/za815GEV5A
A brand new chapter for Hedera is beginning… $HBAR
#Hedera Update: Foundation announces the tokenization on @hedera of @BlackRock ICS US Treasury money market Fund.👏 ICS stands for Institutional Cash Series. https://t.co/MDoH2mhuwN https://t.co/EihK8TcEPi
#Hedera Update: Foundation announces the tokenization on @hedera of @BlackRock ICS US Treasury money market Fund.👏 https://t.co/MDoH2mhuwN https://t.co/EihK8TcEPi
Anything BlackRock touches is something to note $HBAR https://t.co/iwklfWJOti
Blackrock + Hedera Hashgraph! BIG $HBAR news today, Blackrock has tokenized one of their money market funds on Hedera. This is awesome. But we know what Blackrock is 🤷🏻♀️ https://t.co/MIY6NWsCD0
BLACKROCK JUST TOKENIZED ONE OF THEIR MONEY MARKET FUNDS ON HEDERA $HBAR! 🔥 https://t.co/0TCxUfGjKa
Let’s review @Hedera has: 1.Largest asset manager, @Blackrock fund tokenized on the network 2.Largest real world use case by @AveryDennison, alone processing 1800 TPS 3.The most exciting retail product & hottest ticket @ #Consensus2024 w/ @KarateCombat https://t.co/pawKVEOSKQ
Today we witness #RWA history as @BlackRock’s ICS US Treasury money market fund (MMF) is tokenized on @Hedera with @ArchaxEx and @OwneraIO, marking a major milestone in asset management by bringing the world’s largest asset manager on-chain 🏦 https://t.co/1Kye8cjAJx
Study #Bitcoin @BlackRock https://t.co/vJcdkzfKaQ