Chinese Whale Hulezhi Donates 2000+ ETH Before Tragic End - Full Story
A well-known Chinese Ethereum whale, Hulezhi, donated over 2000 ETH before allegedly taking his own life, citing lifelong "brainwashing". Here’s what we know so far.
Hulezhi’s Final Transactions: 2000+ ETH Donated
The Ethereum community was stunned when on-chain transactions revealed that Hulezhi, a Chinese crypto whale, had transferred over 2000 ETH to various charities before ending his life. A significant portion—500 ETH—was sent to the infamous burn address 0x0dead, effectively removing it from circulation.
X user OnchainLens first reported the transactions, highlighting the massive ETH movement before Hulezhi’s sudden disappearance.
The crypto space is now flooded with speculation about Hulezhi’s motivations, with some suggesting he was deeply affected by ideological struggles and personal crises.
"Brainwashed Since Childhood": A Tragic Exit
Hulezhi’s last known messages suggested he believed he had been "brainwashed since childhood." His final act—donating his entire crypto fortune—has led to discussions about mental health in the high-stakes world of crypto investing.
X user seblfg pointed out the eerie nature of his final words and their implications.
Many in the community have expressed condolences, while others debate the philosophical and economic implications of his massive donation.
AI-Controlled Developer Mystery Deepens
As if the situation wasn’t bizarre enough, another X post surfaced regarding a developer reportedly controlled by AI. According to leaked screenshots, this developer, now allegedly dead, has left behind an AI that continues to function autonomously.
This raises serious questions about AI’s role in crypto development. Could smart contracts and decentralized applications one day function independently without human oversight?
Ethereum Faces Congestion: Gas Fees Soar
Adding to the chaos, Ethereum gas fees have spiked dramatically in the past hours. Many users are experiencing difficulty using the network, fueling further concerns about Ethereum’s scalability issues.
On top of that, HULEZHI on Uniswap soared by more than 150,000% in the past 24 hours as traders rushed to monetize on the news.
Some speculate that the congestion is directly linked to the massive ETH movements related to Hulezhi’s transactions. Others believe this is yet another sign that Ethereum’s scaling solutions need urgent implementation.
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Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
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