Satoshi_Club

🚨 #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 the HBAR price to jump.

However, it was later clarified that BlackRock was not involved in the tokenization itself; rather, the companies Archax and Ownera were responsible for the tokenization using the Hedera network, leading to a price correction.