Hot Development: Massive Token Purchase Caused a Shock in the Crypto Community, Here’s What Happened!

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PulseChain, the controversial project founded by Richard Heart, has undertaken an initiative that caused a huge shake-up in the crypto community. Heart, the name behind HEX and its decentralized exchange PulseX, raised 97,276 for its project called PulseChain. Ethereum He sparked speculation in the market by purchasing (ETH).

to Lookonchain according to, PulseX and PulseChain purchased 97,296 ETH worth $363.66 million in just two days, spending a total of 363.66 million DAI at an average price of $3,738. This move caused widespread debate in the crypto community and various speculations about the future of the project.

This impressive acquisition has sparked great curiosity among traders, investors, and analysts about the project’s intentions. However, what was even more surprising was that some people believed that the Ethereum purchase occurred at a local price peak. Over the last two days, a swing in ETH price has been observed due to the significant increase in volatility. For example, on March 5, the price of Ethereum dropped dramatically and fluctuated between $3,829 and $3,205. These fluctuations crypto- It shows that the market is still highly volatile and may experience significant price changes.

ETH reached a recent high on March 6, rising from $3,503 to $3,903. It is currently in a correction movement. At the time of writing, ETH fell by 2.66% over the previous 24 hours to $3,784. This represents a marginal increase in wallet holdings of 97,296 ETH at current prices. Although the reasons for the project to acquire such a large ETH reserve are not fully known, Ethereum continues to see strong demand for its long-term potential from both retail and institutional investors. Currently, expectations are rising ahead of the Dencun upgrade, which will introduce proto-danksharding aimed at making layer-2 transactions cheaper for users, which could have an impact on Ethereum’s price.


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