RATE Group | HEX Owner Cashes Out $7 Million Ethereum Pile for Profit Rally
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HEX Owner Cashes Out $7 Million Ethereum Pile for Profit Rally

08 Jan HEX Owner Cashes Out $7 Million Ethereum Pile for Profit Rally

Posted at 22:48h in Ethereum News by

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  • Bulk of the remaining Ethereum used to buy HEX has been emptied from original address.
  • Creator Richard Heart refuses to acknowledge any involvement with the ETH in question.
  • Surprisingly, the ETH now sits in 36 different addresses and has not been sold.

Nearly $7 million worth of Ethereum has been emptied out of the HEX purchase address in the past few days.

$7 Million Worth of Ethereum on the Move

A series of 36 transactions, each containing 1,337 ETH, depleted the bulk of the remaining Ethereum which had been sent to the HEX purchase address.

Nearly $7 million worth of Ethereum was moved to 36 different addresses | Source: Etherscan

With Ethereum now trading around the $145 mark, that makes the 48,132 ETH worth just under $7 million. Less than a month ago the same coins would have been worth around $5.5 million.

Yet Ethereum holders don’t have to worry about a sudden cash-out negatively affecting the price of their coin. Not yet anyway.

Right now, each of those 36 transactions…

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