Let’s talk about PulseChain!
The main reason for PulseChain FUD (fear, uncertainty and doubt) over the past 6 months has been the fact that Richard Heart, the Founder of the PulseChain ecosystem, is being sued by the SEC. From the time the case was made public on July 31st, Richard hadn’t officially responded to the charges, and no one knew for sure what his legal strategy was. This lack of clarity appeared to be giving some members of the community misgivings, but with one tweet on January 10th, we saw a major shift in the SEC FUD narrative.
Richard is fighting the SEC with not one, but 11 lawyers at his side!
Prior to his announcement, nothing was moving the price of PulseChain. It seemed to grind sideways and lower despite the wider market rally. But since Richard’s tweet, we’ve seen a massive price boost where PulseChain rose ABOVE sacrifice price!
Another thing.
On chain analysis shows that addresses linked to the OA/Sacrifice wallet for PulseChain have been buying large quantities of Pulse, PulseX and Hex, further positively impacting the price.
Once again, speculation is rife!
Could this be Richard Heart? And was his plan all along to wash the weak hands out of his ecosystem and reward the ones who stayed?
We can only guess and, as always, we must have no expectations, but a very interesting precedent has certainly been set by these actions!
One thing’s for sure, these events have not only boosted price, they’ve boosted the PulseChain community spirit once again.
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