Ethereum co-founder Vitalik Buterin reclaims ‘onchain billionaire’ crown

Ethereum co-founder Vitalik Buterin has regained his presumption arsenic a ten-figure crypto holder conscionable days aft Ether crossed the $4,000 terms level for the archetypal clip successful 8 months, according to a blockchain quality firm.

“Vitalik Buterin is present an onchain billionaire again,” Arkham said successful a station connected Saturday. At the clip of publication, Buterin’s portfolio is valued astatine astir $1.04 billion, holding 240,042 ETH alongside smaller stakes successful cryptocurrencies specified arsenic Aave Ethereum (AETHWETH), WhiteRock (WHITE), Moo Deng (MOODENG), and Wrapped Ethereum (WETH).

Traders expect caller all-time highs for Ether

On Saturday, Ether (ETH) climbed different 6.38%, reaching arsenic precocious arsenic $4,332 following its instrumentality to $4,000 connected Friday — a level not seen since December 2024 — portion Bitcoin’s stock of the crypto marketplace headdress declined.

At the clip of publication, Ether is trading astatine $4,244, according to Nansen.

Vitalik Buterin’s portfolio is worthy astir $1.04 cardinal astatine the clip of publication. Source: Arkham

Some crypto traders expect that Ether is connected its mode to reclaiming its November 2021 all-time precocious of $4,878. Crypto trader Ted said successful an X station that it “is conscionable a substance of days now.”

CoinGlass information shows a move to $4,500 would enactment astir $1.35 cardinal successful abbreviated positions astatine hazard amid different traders speculating a abbreviated compression successful the adjacent future.

Arkham besides highlighted increasing momentum for Ether exchange-traded funds (ETFs). “ETFs yesterday had full flows of $461M for ETH but lone $404M for BTC,” the steadfast said. 

Over the past 5 trading days, US-based spot Ether ETFs saw $326.6 cardinal inflows, portion Bitcoin (BTC) ETFs saw $253.2 million, according to Farside data.

Buterin archetypal became a crypto billionaire astatine 27

Buterin archetypal became a crypto billionaire astatine property 27 successful May 2021, erstwhile Ether crossed $3,000 for the archetypal time.

At the time, helium held astir 333,500 ETH, valued astatine astir $1.029 billion, according to onchain information from Etherscan. This came aft ETH’s worth had much than quadrupled from astir $700 astatine the commencement of 2021.

Nearly 3 years earlier, successful October 2018, Buterin revealed helium ne'er held much than 0.9% of each Ether and that his nett worthy had “never came close” to $1 billion.

Related: Ethereum beats Solana successful superior inflows: $4K people successful sight

While galore successful the manufacture property a ample portion of Ether’s terms surge to the emergence of Ether treasury companies, Buterin precocious made a beardown informing against the trend.

“If you woke maine up 3 years from present and told maine that treasuries led to the downfall of ETH, then, of course, my conjecture for wherefore would fundamentally beryllium that someway they turned it into an overleveraged game,” Buterin said successful an interrogation connected Thursday.

Magazine: Buterin’s ETH treasury warning, Bitcoin $250K a ‘maybe’: Hodler’s Digest, Aug. 3 – 9