Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.03% | 0.24% | 7.25% | 34.34% | 50.00% | 67.64% |
Comparison
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x075e...ddc8 |   HEX | 250,628,714,060.08 | 39.56% | $133.13M |
| 0xa2e1...406c | HEX | 100,000,000,555.55 | 15.78% | $53.12M |
| PulseChain: Omnibridge Proxy (a10d) | HEX | 6,965,551,250.84 | 1.1% | $3.7M |
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About HEX
HEX is a token on Ethereum with mechanics resembling an onchain certificate of deposit: holders stake for a self-chosen term of up to about fifteen years and receive emissions allocated by stake weight, with penalties for ending stakes early. It targets term deposits that depend on bank intermediaries and rates set unilaterally by institutions.
The mechanism is fixed in an immutable contract: stake amount converts to share weight, emissions go only to stakers, and penalties from early unstaking flow into the reward pool, so returns depend heavily on stake size and duration. Years without material changes also mean design flaws cannot be patched. The SEC sued in 2023 and a court dismissed on jurisdictional grounds in February 2025; the price is down enormously from its peak.
HEX was launched in 2019 as an ERC-20 token on Ethereum, marketed as a blockchain-based certificate of deposit with staking rewards. In September 2021, its market cap peaked at $84.4 billion before collapsing over 99% by 2023. In July 2023, the SEC sued founder Richard Heart for unregistered securities and misusing funds, alleging he raised over $1 billion and spent $12 million on luxury goods. In 2024, Finnish authorities began investigating Heart for serious tax evasion and assault, leading to an Interpol Red Notice in December. In April 2025, a U.S. federal court dismissed the SEC's case for lack of jurisdiction, marking the first time a Layer 1 blockchain founder won against the SEC. This set a legal precedent for decentralized projects, though Heart still faces Finnish charges.
Founder risk: Founder Richard Heart was arrested in Istanbul on October 14, and Turkey's justice ministry confirmed on October 17 the seizure of $7.15 million in cash and six cold wallets; he is subject to an Interpol red notice requested by Finland. PulseChain-based HEX fell about 55% and Ethereum-based HEX about 24% before rebounding toward $0.0006.
Structure and backdrop: The token has no buyback or burn mechanism and trades more than 99% below its 2021 high of $0.44; the 2025 US SEC lawsuit was dismissed on jurisdictional grounds, but the Finnish tax case and extradition proceedings remain unresolved.
HEX's Richard Heart was detained on October 14, 2026 in Istanbul by Turkey's National Intelligence Organization (MIT) and police under an Interpol Red Notice issued at Finland's request in late 2024, mainly over aggravated tax fraud charges; the raid seized around $4 million in cash, dozens of luxury watches and firearms. The arrest triggered sharp volatility across the PulseChain ecosystem (HEX, PLS, PLSX). The U.S. Future strategy and roadmap: Going forward, the project's trajectory depends mainly on extradition and judicial proceedings in Turkey and Finland, and no new ecosystem or product roadmap has been published.
Richard Heart, born Richard James Schueler, is the founder of HEX. American by birth and long based in Finland, he started in domain name trading and email marketing, built businesses he says reached tens of millions in annual sales, retired at twenty-five and turned to writing and video. He came to Bitcoin around 2010 and launched HEX in December 2019.
HEX has no executive layer in the conventional sense. The contracts are maintained by a small developer group he hired and directed, and marketing runs through holders who call themselves Hexicans.
The SEC sued him and the three projects in the Eastern District of New York on 31 July 2023 over unregistered offerings and misused funds; the case was dismissed in 2025. In October 2026 he was detained in Istanbul.