BlackRock gets 10x profit from trading PEPEInvestment giant BlackRock withdrew $1.27 trillion PEPE tokens worth $1.98 million from Binance, making as much as
10x profit, analyst firm Lookonchain revealed.
The BlackRock fund bought $1 trillion of PEPE for $244,000 on April 21, and then sold that amount of coins as early as May 5 for $2.63 million, making a 10x profit of about $2.39 million.
This activity shows not only the extremely successful trading of BlackRock, but also a change in the investment strategy for the fund, ready to invest significantly in meme coins.
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