Ethereum co-founder Vitalik Buterin regained his position as a 10-digit crypto holder just days after Ether crossed the $4,000 price level for the first time in eight months, according to the blockchain intelligence company.
“Vitalik Buterin is now an Onchain billionaire,” Arkham said in a post on Saturday. At the time of publication, Buterin’s portfolio was valued at around $1.04 billion and holds 240,042 ETH along with small stocks in cryptocurrency such as Aave Ethereum (Aethweth), Whiterock (White), Moo Deng (Moodeng) and Wrapped Ethereum (Weth).
Traders expect ether’s highest ever high
On Saturday, Ether (ETH) rose to another 6.38%, returning to $4,332 on Friday, reaching $4,332 at a level not seen since December 2024.
According to Nansen, at the time of publication, Ether is trading at $4,244.
Vitalik Buterin’s portfolio is worth around $1.04 billion at the time of publication. sauce: Arkham
Some crypto traders expect the ether to be on the way to recover its all-time high of $4,878 in November 2021. Crypto Trader Ted said in a post on X that “it’s only been a few days now.”
Coinglass data shows that the move to $4,500 will be at risk for a short position of around $1.35 billion, among other traders who estimate short narrowing in the near future.
Arkham also highlighted the growing momentum of Ether Exchange-Traded Funds (ETFS). “The total flow for the ETF was $461 million yesterday for ETH, but only $44 million for BTC,” the company said.
According to Farside data, US-based Spot Ether Etfs saw an inflow of $326.6 million in the last five trading days, while Bitcoin (BTC) ETF saw a $253.2 million.
Butarin first became a crypto billionaire at the age of 27
Butarine became the first crypto billionaire at the age of 27 in May 2021, when ether first exceeded $3,000.
At the time, he held around 333,500 ETH, worth around $1.029 billion, according to Etherscan Onchain data. This comes after ETH’s value had more than quadrupled at the start of 2021 from around $700.
Almost three years ago, in October 2018, Butarin revealed that he never exceeded 0.9% of all ether and that his net worth has “never approached” $1 billion.
Related: Ethereum is defeating Solana with capital inflow: $4K targets visible
While many in the industry believe that the surge in ether prices is largely due to the rise of ether treasury companies, but Butaline recently issued a strong warning against this trend.
“My guess is that if I wake up three years from now and say that the Treasury has led to the downfall of ETH, of course, basically somehow turned it into an over-game,” Buterin said in an interview Thursday.
magazine: Buterin’s Eth Treasury Warning, Bitcoin $250k A ‘Mayce’: Hodler’s Digest, August 3-9
