BlackRock Also Caught Up in Bitcoin Rune Madness? ETF Wallet Receives Over $20,000 Worth of Rune Airdrop

2024/04/27 01:25

As the Homogeneous Token Protocol Runes launched, triggering a market frenzy amid Bitcoin's fourth halving, BlackRock found itself unexpectedly embroiled in the Rune madness. Blockchain analytics firm Arkham revealed that two of BlackRock's Bitcoin spot ETF addresses received an airdrop of Rune tokens, valued at over $20,000. However, it's unclear whether BlackRock is aware of or has access to these tokens.

RSIC•GENESIS•RUNE Tokens Airdropped to BlackRock Addresses: Market Cap Hits $202 Million

Runecoin deployed RSIC•GENESIS•RUNE tokens, engraved during the halving, on the 8th. These tokens were airdropped to users who held RSIC tokens before the halving. BlackRock's addresses received a total of 1,887,240 RSIC•GENESIS•RUNE tokens. Each token is currently priced at 15.48 sats or $0.01, with a total market value of approximately $202 million, ranking third in market capitalization.

The RSIC tokens received by BlackRock originated from Coinbase Prime hot wallets and were initially airdropped to Swissborg. These tokens inadvertently held other Ordinal series tokens as well.

RSIC•GENESIS•RUNE Tokens: Ranked Third in Market Cap, Surpassing DOG•GO•TO•THE•MOON

According to OKX market data, RSIC•GENESIS•RUNE tokens are currently priced at 15.48 sats per token or $0.01, with a total market value of approximately $202 million, ranking third in market capitalization behind only Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z and DOG•GO•TO•THE•MOON.

The source of the information is OKX

Major ETF Funds Hold Multiple Tokens

Before the Rune frenzy, it was discovered that major ETFs held various tokens. For example, Ark Invest's ETF ARKB's Bitcoin spot address held Bitcoin Puppet NFTs valued at $27,000. Similarly, BlackRock's Bitcoin spot ETF address held the "Speculum Aeternum" token, currently valued at $2,565.75.

BlackRock's inadvertent involvement in the Rune airdrop frenzy highlights the complexities and surprises inherent in the cryptocurrency market. As major institutions navigate this evolving landscape, unforeseen connections and holdings continue to emerge, warranting careful monitoring and analysis.

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