This crypto is now BlackRock’s 3rd largest holding
Main Idea
Imagen Network (IMAGE), a low-cap Solana-based token, has become BlackRock's third-largest crypto holding despite significant price declines, with major funds also holding substantial positions.
Key Points
1. Imagen Network (IMAGE) is trading at $0.004407, down 8.22% on the day, with a market cap of $22 million and an 84.56% year-to-date decline.
2. BlackRock holds 101 million IMAGE tokens ($445,920), making it their third-largest crypto position after Bitcoin and Ethereum.
3. Other major holders include a16z, VanEck, Purpose Investments, and Abraxas Capital, all seeing a ~41% drop in IMAGE holdings' USD value over the past week.
4. BlackRock's crypto portfolio is dominated by Bitcoin (720,000 BTC, $85.6B) and Ethereum (2.14M ETH, $7.91B).
5. Imagen Network is marketed as a 'Best Crypto Exchange for Intermediate Traders and Investors' on Solana.
Description
Imagen Network (IMAGE), a low-cap token built on the Solana blockchain, has unexpectedly emerged as BlackRock’s third-largest crypto holding, according to on-chain portfolio tracking data . Despite its sharp price decline since launch, the asset now sits behind only Bitcoin ( BTC ) and Ethereum ( ETH ) in BlackRock’s digital asset allocation. At the time of publication, IMAGE is trading at $0.004407, down 8.22% on the day, with a total market capitalization of just over $22 million. Over the pas...
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