Ethereum co-founder Vitalik Buterin has regained his ten-digit crypto holder status, a blockchain intelligence company said.
“Vitalik Buterin is now a billionaire,” Arkham explain In Saturday’s post. At the time of publication, Buterin’s Folders Valued at approximately $1.04 billion, holding 240,042 ETH, as well as smaller stakes in cryptocurrencies such as Aave Ethereum (Aethweth), Whiterock (White), Moo Deng (Moodeng) and Packaging Ethereum (Weeth).
Traders expect Ether’s new all-time high
On Saturday, ether (ether)eth) climbed another 6.38% to as high as $4,332 After returning $4,000 on Friday – Levels not seen since December 2024 – and Bitcoin’s share of cryptocurrency market capitalization has declined.
At the time of publication, Ether was trading at $4,244, according to To Nansen.
Some cryptocurrency traders expect Ether to recover its all-time high of $4,878 in November 2021. Crypto Trader TED explain In X’s post, “It’s just a few days’ issue now.”
The store data shows move To $4,500, among other traders speculating that the near future, it will put approximately $1.35 billion in short shares in danger.
Arkham too Highlight Growth momentum of Ether Exchange Funds (ETFs). “ETH’s total ETH traffic yesterday was $461 million, but BTC’s total traffic was $461 million,” the company said.
Over the past five trading days, U.S.-based Ether ETFs have seen $326.6 million inflows, while Bitcoin (Bitcoin)BTC) ETF saw $253.2 million, according to to Farside data.
Buterin is a cryptocurrency for the first time at the age of 27
Buterin first became a crypto billionaire on May 27, 2021, when Ethereum surpassed $3,000 for the first time.
At the time, he held about 333,500 ETH, worth about $1.029 billion, according to OnChain data from Etherscan. This is more valuable than ETH About three times the $700 In early 2021.
About three years ago, in October 2018, Buterin reveal He never held 0.9% of all Ether and his net worth “never approached” $1 billion.
Related: Ethereum beats Solana in capital inflows: See $4K goal
While many in the industry attribute a large portion of the rise in Ether’s price to the rise of Ether’s U.S. Treasury, Buterin recently issued a strong warning about the trend.
“If you wake me up three years from now and tell my country that the library will cause the downfall of ETH, of course, I guess why they basically somehow turn it into an overdose game,” Buterin In an interview on Thursday, said.
Magazine: Buterin’s Eth Treasury Warns Bitcoin $250K a “maybe”: Hodler’s Digest, August 3-9
