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Hedera's HBAR Doubles as Market Misinterprets BlackRock's Involvement in Tokenization, Then Falls 25%

The market gave back some of its earlier gains after realizing BlackRock wasn't directly involved in the tokenization on Hedera's blockchain.

HBAR Foundation said "BlackRock fund is tokenized," Crypto Twitter heard "BlackRock has tokenized fund." (Wikimedia Commons)
HBAR Foundation said "BlackRock fund is tokenized," Crypto Twitter heard "BlackRock has tokenized fund." (Wikimedia Commons)