According to Santiment, BlackRock’s address recently sold its sole holding, a relatively minor Energy Web Token rather than a major cryptocurrency.
Energy Web Token is ranked 189th in the top cryptocurrencies by market capitalization, making it a minor token, and much of the crypto world was startled to find it solely on the BlackRock wallet.
The Energy Web Blockchain, a virtual machine created to serve and promote the energy sector, uses the EWT token as its operating currency. The foundation behind the initiative launched the project in June 2019.
The project’s goal is to enable developers to create decentralized applications and solutions for the energy sector, which is a relatively detached blockchain market. The virtual machine is predicted to significantly benefit all industries, including grid operations, software development, and energy.
Unfortunately, EWT investors have lately lost all of their holdings. Following the token’s price increase to $3.6, a $1 million token auction was held. Fortunately, the rise has persisted, with the token just reaching a fresh high of $4.5.
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