PulseX Buys $122 Million Worth of ETH Amid SEC Lawsuit Against Founder

According to BlockBeats, PulseX has purchased $122 million worth of Ethereum (ETH) across six addresses, with an average purchase price of $3,628 per ETH. This comes after reports that PulseX founder Richard Heart's associated wallet contains over 700 million DAI, representing 15.5% of the circulating supply. The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Richard Heart, accusing him of selling unregistered securities in violation of federal securities laws, with the case set to begin in 2023.