Specter links ProveX’s January ETH inflows to Heart-linked funds

Richard Heart’s newest project, ProveX, received a flood of ETH in early January 2026. On-chain analyst Specter says a large share of it appears to have come from Heart’s own side of the ledger. Between January 5 and January 7, approximately 128,808 ETH, worth around $413 million, landed in a wallet linked to ProveX’s public sacrifice address. Specter (@SpecterAnalyst) traced those funds back through Tornado Cash to deposits made by wallets associated with Heart. If the trail holds, a fundraiser that looked like strong outside demand may have been at least partly a closed loop. Following the money through the mixer According to Specter’s analysis, the January flows began with withdrawals in 100 ETH increments. Those funds then moved through more than 800 intermediary wallets before reaching the ProveX-linked address. The key to the trace sits upstream. Heart-associated wallets reportedly sent 112,987 ETH into Tornado Cash in November 2025. In October 2025, the same cluster pushed over $600 million into the mixer. Specter connected those earlier deposits to the later withdrawals that ended up in ProveX’s sacrifice wallet. The timing is also notable. ProveX’s sacrifice phase was appr...