In the wake of ETH’s rise, Vitalik Buterin, the founder of Ethereum, has once again become a billionaire in Ethers. 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 interesting rise, notably with a 6.3% increase on Saturday. With Ether finally returning above $4,000 for the first time since December 2024, all eyes are now on a possible new all-time high (ATH). To do so, ETH would need to rise by nearly 12%, which would allow it to surpass the record set on November 10, 2021, at $4,878 per unit. In this context of rising prices, Vitalik Buterin, the founder of the Ethereum blockchain, became a billionaire again over the weekend, thanks to his ETH holdings. However, it is important to note that this only refers to his on-chain holdings, without taking into account the rest of his assets. It should therefore be noted that the developer may also have other assets on unknown addresses and exchanges.
In any case, Arkham data reports that with more than 240,000 ETH, Vitalik Buterin is worth at least $1.05 billion:
Since the beginning of the month, ETH has risen by more than 16%, and this weekend’s acceleration is therefore more in line with the upward trend of recent weeks than a consequence of any particular news:
Among the underlying trends supporting the price of ETH, we have repeatedly highlighted the positive momentum surrounding US spot ETFs. Despite two particularly negative days last week, the net asset value of these ETFs ($23.38 billion) has risen by 8.64% since the beginning of the month, and it will be interesting to see if the trend continues today when the markets open.
In addition, the Ethereum Treasury Companies, which we regularly report on, continue to accumulate ETH, helping to maintain the upward trend. The three companies at the top of the list alone hold no less than 1.41% of all Ethers in circulation:
While the Ethereum blockchain is also experiencing 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 beginning of the month.
Meanwhile, the price of ETH stands at $4,300 at the time of writing, up 2% over 24 hours.
