Ethereum-based HEX Plunges 31% After Reports of Richard Heart's Detention
- —HEX dropped 31% after reports of founder Richard Heart's detention
- —A Uniswap pool with $703K daily volume held just $354K in liquidity
- —Thin liquidity raised slippage risk for HEX sellers
Why it matters: The founder's detention and a one-third price drop cast doubt over the future of the HEX and PulseChain ecosystem.
Source: The Defiant