Richard Heart: Hero or Zero ?

BudKnows

New Member
Nov 26, 2025
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On today's “Cyber Monday,” or, as I prefer to call it, a Black Monday because of these bloody charts on the crypto market. I'll be writing about what is arguably one of the worst crypto projects in the space, yet one that might still hold a small spark of potential.

Anyone who knows Hex for sure has at least heard of its founder, Richard Heart. He created the term “SACRIFICE,” where the user sent Ethereum as the crypto of choice for the transaction into his wallet address for the exchange and release of the tokens from his chain called PulseChain.

PulseChain Tokens Timeline List

  • Hex (2019): Functions as a time lock staking token
  • PulseChain (May 2023): As an Ethereum fork with full system state copy
  • PulseX (May 2023): The chains Dex


Almost a billion in crypto was sacrificed for PulseChain core tokens with a simple promise and a bright future ahead since RH was considered as one of the best crypto founders because of the ATH price that Hex reached during that time before the launch of PLS core tokens with his daily streams for his community, where he talked about his project goals and the future that was going to bring its users.

Everything was going perfectly at the chain until charges were filed against RH by the SEC for the sale of unregistered securities (Pulsechain tokens) and unlawful use of investors' funds. Clearly, all begin crashing down on the chain, with RH missing in action especially.

RH is back after some time by being active with his community on X, especially by posting a video on the platform after winning his case of fraud accusation by the SEC, and has been involved in bringing some ideas to the chain with the purpose of attracting new users, like his own creation of Pump-Fun, which he called Pump-Tires, PulseChain’s own memecoin launchpad version for its users with the purpose of bringing more liquidity.

This year (2025), PulseChain core tokens have reached their all time low even in the last months till today, with many of their investors and whales leaving the chain entirely by selling most of their bags.

What shocked the entire PLS community a few months ago, getting some kind of “bullish” expectations for many, was that the entire Ethereum Sacrifice Fund given by the investors on the latest core tokens of the chain, the PLS and PLSX Sacrifice, worth around $450-$680M of Ethereum, has been moved into Tornado Cash.

The investors who are aware of the chain’s failure recently have left completely and begun campaigns against RH with the goal of making people never invest in his ideas.

Later Richard Heart announced another token release whose mission on PulseChain is to strengthen the economics of the chain’s ecosystem and liquidity.

It’s called Prove X, and while its function is still not fully confirmed, what has been said at the moment is that it is supposed to be a privacy token that eliminates the need for a middleman.

The entire situation on the chain gave curiosity about what will be the future for Richard Heart and the foundation of PulseChain. Day one investors and believers in RH vision are still supporting the chain by holding some or most of the tokens.

A theory states that he might be injecting the original Ethereum sacrifice assets back into Pulsechain on this month or next year. Belieiving the low liquidity phase at the moment as part of his plan for an strategic reset to eliminate the weak hands before the “comeback.” The theory comes from RH’s X post hinting December might be the revival of the chain, including the launch of his new token.

Would love to hear everyone's comments for this thread 🙂

 
I didn't know about this, it's one of the 10k+ crypto I have never had the pleasure to hold. But the story doesn't seem much different than too many others.

One of the shittiest I touched is OHM.
I even happened to hold EURt and some other garbage that was only traded on a Russian exchange and was used to do infinite loan loops across other tokens... quite lucrative until it lasted. Venus protocol if I'm not mistaken.
 
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Reactions: BudKnows and Justit
he is running yet another "entertainment" business - some people like to go to the casino, some do sports betting, some believe they can beat the financial market and .... some people enjoy this nonsense wrapped as advanced tech and next big innovation and they will pay the price, good for him
 

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