According to @ai_9684xtpa, Richard Heart-linked wallets that were dormant for two years redistributed ETH to 10 new addresses in the last hour, with address attribution and listings available via the Arkham Intelligence explorer. According to @ai_9684xtpa, the entity holds 154,825 ETH with an average acquisition cost of 3,779 USD per ETH, implying roughly 611 million USD in value and about 25.79 million USD in unrealized profit at current prices, while the intent of these transfers remains unspecified. According to Arkham Intelligence explorer and @ai_9684xtpa, the relevant wallet set has been compiled for monitoring so traders can track any subsequent exchange inflows from these addresses.

According to @lookonchain, wallets suspected to be tied to Richard Heart transferred 153,241 ETH (about $608M) to new wallets over the past 5 hours. According to @lookonchain, these wallets previously accumulated 162,937 ETH (about $619M) across 25 wallets between Mar 4–8, 2024 at an average purchase price of $3,800. According to @lookonchain, the 153,241 ETH moved equals roughly 94% of the 162,937 ETH previously accumulated. According to @lookonchain, related wallets also deposited 9,500 ETH (about $37.43M) into Tornado Cash over the past six months.

According to @EmberCN, a cluster of addresses suspected to be tied to Hex, PulseChain, and PulseX founder @RichardHeartWin transferred 81,000 ETH worth about $323 million within the past 5 hours, highlighting significant on-chain activity that traders track for potential liquidity impacts, source: @EmberCN. According to @EmberCN, the same address cluster reportedly purchased 132,000 ETH on-chain in March 2023 using 499 million DAI at an average cost of $3,770 per ETH, source: @EmberCN. According to @EmberCN, aside from 9,500 ETH sent through Tornado Cash over the past six months, the remainder of these holdings had largely stayed in place until this recent movement, source: @EmberCN. According to @EmberCN, the 81,000 ETH was redistributed across multiple wallets listed in the report, underscoring a notable consolidation or redistribution pattern rather than a single destination, source: @EmberCN. Based on the reported $323 million valuation for 81,000 ETH, the transfers imply a contemporaneous reference price near $3,990 per ETH, a figure derived from the author’s data, source: @EmberCN. Based on those figures, selling the transferred tranche at the implied price would equate to roughly $220 per ETH in gross profit versus the reported $3,770 average entry, or about $17.8 million across 81,000 ETH, calculation based on data from @EmberCN. According to @EmberCN, the thread does not indicate deposits to centralized exchanges or DEX routers, so the on-chain intent remains unconfirmed from the provided evidence, source: @EmberCN.

According to Eleanor Terrett, a judge has granted the motion filed by Richard Heart's lawyers to dismiss the SEC's charges against him. This decision differs from previous dismissals that originated from the SEC itself. The SEC now has 20 days to respond with a new filing, which could impact the regulatory landscape and trading sentiment around related cryptocurrencies.