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Vitalik Buterin: Ether's Surge Pushes Co-Founder Past Billion-Dollar Mark

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by Crypto Hobby
Vitalik Buterin smiles with Ether coins.

Ethereum co-founder Vitalik Buterin has once again achieved the status of an "on-chain billionaire" as the price of Ether (ETH) surged past $4,200.

This marks a significant milestone, with ETH reaching levels not seen since December 2024.

Buterin's substantial holdings in ETH, along with smaller stakes in other cryptocurrencies, now place his digital net worth at approximately $1.04 billion.

Vitalik Buterin's On-Chain Wealth Reaches New Heights

According to blockchain intelligence firm Arkham, Vitalik Buterin's portfolio is currently valued at around $1.04 billion.

This impressive figure is primarily driven by his holdings of 240,042 ETH.

The resurgence in Ether's price has propelled Buterin back into the billionaire club, a status he first achieved in May 2021 when ETH crossed the $3,000 mark.

  • Buterin's current holdings include 240,042 ETH.
  • His total crypto portfolio is valued at approximately $1.04 billion.
  • He also holds smaller stakes in cryptocurrencies like Aave Ethereum (AETHWETH), WhiteRock (WHITE), Moo Deng (MOODENG), and Wrapped Ethereum (WETH).

Ether Price Surges Amidst ETF Inflows

Ether experienced a significant price jump, climbing 6.38% on Saturday to reach a high of $4,332.

This surge occurred as Bitcoin's dominance in the crypto market cap saw a decline.

At the time of reporting, Ether was trading at $4,244.

Market observers and traders are optimistic about Ether's future performance, with some anticipating a return to its all-time high of $4,878, set in November 2021.

Speculation is mounting about a potential short squeeze, which could further drive the price up, putting billions in short positions at risk.

Growing Momentum for Ether ETFs

Arkham also noted the increasing momentum behind Ether Exchange-Traded Funds (ETFs).

Data indicates that ETH ETFs saw higher total flows ($461 million) compared to Bitcoin ETFs ($404 million) on a recent day.

Over the past five trading days, US-based spot Ether ETFs attracted $326.6 million in net inflows, surpassing the $253.2 million seen by Bitcoin ETFs.

While the crypto market celebrates Ether's price appreciation, Vitalik Buterin has previously expressed caution regarding the trend of companies holding large amounts of ETH on their treasuries.

In a recent interview, he warned that an overleveraged treasury system could potentially lead to the downfall of Ethereum.

Sources


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by Crypto Hobby

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