TREE NEWS reports: HEX fell 31% on the Ethereum network following reports that its founder, Richard Heart, had been detained. A Uniswap pool handling roughly $703,000 in daily HEX trading held only $354,000 in liquidity, adding execution risk for sellers. The token’s price decline and thin pool depth came alongside the detention reports.
Ethereum HEX Sinks 31% After Reports of Richard Heart’s Detention
The reaction here is less about the detention report itself than about how little liquidity stood behind the token. A Uniswap pool carrying roughly $703,000 in daily volume while holding only about $354,000 in liquidity means relatively modest selling pressure can move price sharply, which is the mechanical story behind a 31% drop. That fragility matters most for holders who treat exit depth as a given. Whether the pool deepens or stays this thin is the open question.
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