Richard Heart Allegedly Moves $500 Million in ETH via Tornado Cash: Market Impact Minimal

A significant financial transaction involving $500 million in Ethereum through the anonymous mixer service Tornado Cash has allegedly been carried out by Richard Heart, founder of HEX and PulseChain. Blockchain data reveals this massive transfer as a key event, prompting privacy concerns. 25,000 ETH, approximately $100 million was moved via these wallets from Heart’s associated entities. Despite the move, Ethereum’s price has remained stable, demonstrating resilience in the market despite potential turbulence and suggesting a bullish trend.