$HBAR Soars 96% Before Plumps on Misleading #BlackRockCrypto Tokenization Announcement

#hedera announced on Tuesday that BlackRock's U.S. Treasury money market fund had been tokenized on its blockchain. After that Hedera’s native #HBAR token surged by over 107%.

However, experts clarify that BlackRock did not transfer $22.3 billion to blockchain or partner with Archax and Ownera. Chris O'Connor, founder of Cardano Ghost Fund #DAO , states BlackRock is "not involved" and criticizes the HBAR Foundation.

After the announcement, HBAR saw an explosive pump, pushing its price to $0.175 - the highest in two years. However, immediately after the information was confirmed, HBAR experienced a price dump. But overall, HBAR token is still up by 61% over the past 24 hours