Crypto Founder Richard Heart Moves $366M Worth of ETH in Major Transaction

In a significant move that’s caught the attention of the crypto community, Richard Heart—known as the creator behind HEX, PulseChain, and PulseX—has just transferred a whopping 112,978 Ethereum tokens to an undisclosed wallet address. At current market rates, this ETH transaction is worth approximately $366.4 million, marking yet another major on-chain activity from the controversial figure.

What’s the Deal?

The massive transfer occurred within the past eight hours, and the destination remains shrouded in mystery. While we don’t yet know where this Ethereum is headed—whether it’s a cold storage solution, an exchange deposit, or a strategic move—the sheer volume speaks volumes about Heart’s continued involvement in the crypto ecosystem.

Why This Matters

For context, with Ethereum currently trading around $3.12K, holdings of this magnitude represent serious capital movement that could signal various market intentions. Whether it’s a strategic repositioning, liquidity management, or something else entirely, large ETH transfers from prominent figures like Heart tend to generate speculation and discussion across the community.

The crypto space has long been watching Richard Heart’s actions closely, given his track record with HEX and his newer projects. This latest move once again underscores his active engagement in the digital asset space and his ability to move substantial amounts of capital at will.