In the wake of ETH’s rise, Vitalik Buterin, the founder of Ethereum, has once again become a billionaire in Ether. A look back at this performance and the current momentum of the famous cryptocurrency.
Vitalik Buterin is once again a billionaire in ETH
This weekend, Ethereum’s ETH saw a particularly notable rise, notably gaining 6.3% on Saturday. As Ether finally climbed back above $4,000 for the first time since December 2024, attention is now turning toward a potential new all-time high (ATH). To achieve this, ETH would need to rise by nearly 12% more, which would allow it to surpass the record set on November 10, 2021, at $4,878 per unit.
Amid this rally, Vitalik Buterin, the founder of the Ethereum blockchain, became a billionaire again over the weekend, thanks to his ETH holdings. However, we should add some nuance here, as we are only referring to his on-chain holdings, without taking into account the rest of his assets. It should therefore be noted that the developer may also hold other assets in unknown addresses and on exchanges.
In any case, data from Arkham reports that with over 240,000 ETH, Vitalik Buterin holds at least $1.05 billion:
Vitalik Buterin’s ETH holdings
Since the beginning of the month, ETH has risen by more than 16%, and this weekend’s surge is therefore more a continuation of the upward trend seen in recent weeks than a reaction to any specific news:
ETH price (daily data)
Among the underlying trends supporting the ETH price, we have repeatedly highlighted the positive momentum surrounding U.S. spot ETFs. Despite two particularly negative days last week, the net assets under management of these ETFs ($23.38 billion) have risen by 8.64% since the start of the month, and it will be interesting to see if this trend continues today when markets open.
Furthermore, Ethereum Treasury Companies, which we regularly discuss, continue to accumulate ETH, helping to sustain the uptrend. The top three companies alone hold no less than 1.41% of all Ethers in circulation:
Overview of the largest institutional holders of Ethereum
While the Ethereum blockchain is also seeing increased activity, the coming weeks will reveal whether a potential outperformance is taking shape. For now, the ETH/BTC ratio stands at 0.035, up 9.86% since the start of the month.
Meanwhile, the price of ETH stands at $4,300 at the time of writing, up 2% over the past 24 hours.
