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

Hedera's native HBAR token surged by more than 107% on Tuesday as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain, the token then slumped by more than 25% as BlackRock turned out to have no involvement in the launch.