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News Explorer — Hedera Doubles in Price, Then Plunges Amid BlackRock Confusion

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Apr 24, 3:02 pm
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Hedera Doubles in Price, Then Plunges Amid BlackRock Confusion

The tokenization of BlackRock's fund on Hedera led to a 113% surge in the price of Hedera's HBAR token. However, as more details emerged and BlackRock denied direct involvement, the price began to drop. Archax, a digital asset exchange, expanded its range of tokenized fund shares to include BlackRock's ICS U.S. Treasury money market fund, but BlackRock clarified that it was not directly involved in the tokenization effort.

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