HEX is a popular cryptocurrency founded by Richard Heart and launched in late 2019. Opinions on both HEX and Richard Heart are highly divided in the cryptocurrency community, as the project has attracted plenty of both loyal followers and harsh critics.
In fact, U.S. securities regulator SEC is suing Richard Heart for allegedly misappropriating millions of dollars worth of funds and conducting unregistered securities offerings.
Regardless of all the controvery surrounding HEX, its tokenomics and Richard Heart, it’s hard to deny that HEX is one of the most intriguing cryptocurrency projects currently on the market. In order to better understand what’s happening with HEX, we’ll examine the 10 biggest HEX holders and provide additional information about these addresses where available.
The top 10 HEX holders in 2023
Without further ado, let’s check out the top 10 HEX holders and learn a bit more about these HEX whales.
Rank Address HEX holdings Dollar value Notes 1 0x075e72a5eDf65F0A5f44699c7654C1a76941Ddc8 250.6 billion $1.05 billion PulseX sacrifice address 2 0xa2e1734682C6a237c070d93019a7E0bF7047406c 100 billion $422 million Received 100 billion HEX from PulseX sacrifice address 3 0x2b1e78aA8C7459d42865627f7C6BE21f3a2d2Da2 2.6 billion $11.3 million Address likely belonging to “God Whale” 4 0x1715a3E4A142d8b698131108995174F37aEBA10D 2 billion $8.5 million PulseXFactory smart contract 5 0x2D2c2fF3345DE305Ea06C35c958B0a4Fd774ABda 980 million $4.1 million Whale with unconfirmed identity 6 0x9A6a414D6F3497c05E3b1De90520765fA1E07c03 972 million $4 million HEX origin address 7 0x705C053d69eB3B8aCc7C404690bD297700cCf169 750 million $3.1 million Whale with unconfirmed identity 8 0x3E7bC6503CBb1cF4490414Fd899F85348D7CD58E 602 million $2.5 million Whale with unconfirmed identity 9 0x1B14Cb89401b10B4755e9bb4d1466425265048f0 459 million $1.9 million Whale with unconfirmed identity 10 0x4bDbB75f1995F966dbf79E7433424a94845dbA00 312 million $1.3 million Whale with unconfirmed identity
Data as of August 18, 2023.
If you want to see the most up-to-date information about HEX coin holders, we recommend that you head over to the Etherscan block explorer. Etherscan offers a complete breakdown of the biggest HEX holders and provides a visual representation of how the HEX token supply is distributed.
HEX holding distribution among the 100 largest HEX holders. Image source: Etherscan
1. PulseX sacrifice address
- Holdings: 250.6 billion HEX
- Dollar value: $1.05 billion
0x075e72a5eDf65F0A5f44699c7654C1a76941Ddc8
PulseX is a decentralized exchange on the PulseChain blockchain platform. PulseX is a fork of Uniswap, which is the most successful DEX in the Ethereum ecosystem. The PulseX DEX utilizes a token called PLSX.
Users were able to receive an allocation of PLSX by “sacrificing” ETH or ERC-20 tokens (such as HEX) by sending them to the PulseX sacrifice address. For each $1 worth of sacrificed tokens, users received 10,000 sacrifice points. At launch, these sacrifice points were converted to PLSX tokens.
The PulseX sacrifice address is by far the biggest HEX holders, with holdings of 250.6 billion HEX tokens. It has roughly 42% of the HEX supply at the time of writing this article, and also holds substantial amounts of Dai, USD Coin, USDT and other tokens.
2. Address that received 100 billion HEX from PulseX sacrifice address
- Holdings: 100 billion HEX
- Dollar value: $422 million
0xa2e1734682c6a237c070d93019a7e0bf7047406c
The second biggest HEX holder is an address that received 100 billion HEX from the PulseX sacrifice address. This transaction occurred on February 24, 2022.
There is some speculation online that this address was used for security purposes, in order to avoid keeping all sacrificed HEX in the PulseX sacrifice address. However, the true purpose and ownership of this address is unknown at the moment.
Interestingly enough, this address has never made any outgoing transactions.
3. Address likely belonging to “God Whale”
- Holdings: 2.6 billion HEX
- Dollar value: $11.3 million
0x2b1e78aA8C7459d42865627f7C6BE21f3a2d2Da2
The third largest HEX holder is an address that likely belongs to a person or entity that the HEX community has dubbed the “God Whale”. The God Whale is the biggest whale in the HEX community, and has amassed large quantities of HEX and other tokens associated with Richard Heart’s projects.
The God Whale has created a Twitter account, although it is not used actively. The true identity of this HEX whale remains unknown for now.
4. PulseXFactory smart contract
- Holdings: 2 billion HEX
- Dollar value: $8.4 million
0x1715a3E4A142d8b698131108995174F37aEBA10D
The fourth largest HEX holder is the PulseXFactory smart contract. Interestingly enough, HEX is not even the largest holding of this address, as it also holds $32 million worth of Dai, $23.6 million worth of USD Coin, $14.2 million worth of Tether USD, as well as substantial quantities of other tokens.
5. Whale with unconfirmed identity #1
- Holdings: 980 million HEX
- Dollar value: $4.1 million
0x2D2c2fF3345DE305Ea06C35c958B0a4Fd774ABda
The 5th largest HEX holder is a whale with unconfirmed identity. This holder received a whopping 980 million HEX tokens from the HEX origin address in September of 2020, and hasn’t made any outgoing transactions since. The identity of this wallet’s owner is currently unknown.
6. HEX origin address
- Holdings: 972 million HEX
- Dollar value: $4 million
0x9A6a414D6F3497c05E3b1De90520765fA1E07c03
The 6th biggest HEX holder is the HEX origin address, holding about $4 million worth of HEX. The HEX smart contract designates this address as a special “origin address”, and this address receives HEX in a variety of ways. The origin address receives half of the HEX tokens reclaimed by penalties, and receives a copy of all bonus payments (such as the speed claim bonus and the referral bonus).
HEX founder Richard Heart declines to say if he is in control of this origin address, likely in an attempt to shield himself from potential legal consequences. However, the consensus in the HEX community appears to be that the origin address is very likely owned by him.
7. Whale with unconfirmed identity #2
- Holdings: 750 million HEX
- Dollar value: $3.1 million
0x705C053d69eB3B8aCc7C404690bD297700cCf169
The 7th largest HEX holder is an address that first received HEX tokens in August 2023. In the same month, the address received multiple large HEX transactions from a variety of Ethereum addresses. Apart from HEX, the wallet only holds a small amount of ETH and the wallet has so far not made any ongoing transactions. The identity of this wallet’s owner is currently unknown.
8. Whale with unconfirmed identity #3
- Holdings: 602 million HEX
- Dollar value: $2.5 million
0x3E7bC6503CBb1cF4490414Fd899F85348D7CD58E
This is another address controlled by a HEX whale with an unknown identity. This address received HEX for the first time in December 2019, shortly after the HEX cryptocurrency was officially launched. So far, the address has only made one outgoing HEX transaction, although it was very substantial — a send of 441.3 million HEX tokens in November 2020.
9. Whale with unconfirmed identity #4
- Holdings: 459 million HEX
- Dollar value: $1.9 million
0x1B14Cb89401b10B4755e9bb4d1466425265048f0
The 9th largest HEX holder is also a wallet that belongs to a whale with unconfirmed identity. Besides HEX, it also holds a notable quantity of Hedron (HDRN) tokens, worth about $160,000 at the time of writing.
An interesting thing to note about this wallet is that it quite regularly makes USD Coin deposits to the Kraken cryptocurrency exchange. It also frequently interacts with decentralized crypto exchanges such as Uniswap and 1inch.
Notably, this address is also ranked in the 18th spot when it comes to PulseX sacrifices, having sacrificed $4.8 million worth of crypto assets including HEX and USDC.
10. Whale with unconfirmed identity #5
Holdings: 312 million
Dollar value: $1.3 million
0x4bDbB75f1995F966dbf79E7433424a94845dbA00
The list of the top 10 HEX holders is rounded out by yet another wallet which has an unknown owner. This wallet has been inactive for quite some time, as it made its last outgoing transaction in November of 2020. It also received its most recent transaction in the same month.
HEX is the only notable holding in this wallet’s portfolio, and we haven’t been able to find any interesting information about this wallet apart from the fact that it was initially funded by a 365.4 ETH deposit from the Bittrex cryptocurrency exchange.
The bottom line
Unlike what we see with many other coins and tokens, there’s no addresses belonging to a cryptocurrency exchange among the top 10 biggest HEX holders. It’s also worth highlighting that 5 out of the top 10 HEX holders are unidentified whales, and it’s possible that the same person or entity controls more than one of those addresses.
If you’re interested in other cryptocurrencies apart from HEX, make sure to check out our list of the best cryptocurrencies to buy right now.
FAQs
Who are the big HEX holders?
Among the 10 biggest HEX holders, we can find smart contract addresses related to PulseX, as well as the controversial HEX origin address and an address controlled by a large HEX holder the community has dubbed the “God Whale”. The remainder of the biggest HEX holders are unidentified whales.
How many HEX holders are there?
According to on-chain data, there are 330,000 unique addresses holding HEX. However, the real number is actually slightly bigger, as some HEX owners likely have their entire HEX portfolio on a centralized cryptocurrency exchange.
