🚨 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.
