Ethereum Co-Founder Vitalik Buterin Sees Net Worth Surge 54% This Year To More Than $851 Million, Arkham Says

The
net
worth
of
Ethereum
co-founder
Vitalik
Buterin
has
surged
more
than
54%
this
year
to
reach
about
$851
million,
said
blockchain
analytics
firm
Arkham.

Most
of
Buterin’s
wealth
comes
from
the
244,001.02


ETH

he
owns,
while
several
strategic
investments
in
other
crypto
projects
have
also
contributed.

Vitalik
Buterin
is
one
of
the
most
prominent
figures
on
Crypto
Twitter
–
credited
with
creating
Ethereum,
and
active
in
crypto
for
well
over
a
decade.

Our
Research
Team
wrote
an
article
at
the
start
of
this
year
studying
Buterin’s
wallet
attributions
on
Arkham,
analyzing
the…

pic.twitter.com/p7Kp0RwKPA

—
Arkham
(@ArkhamIntel)

June
29,
2024

The
Birth
Of
Ethereum

Buterin’s
journey
in
the
crypto
space
started
back
in
2011
when
he
co-founded
Bitcoin
Magazine.
He
then
went
on
to
propose
Ethereum
in
2013
to
address
some
of
the
limitations
of
the
Bitcoin
network.

During
the
launch
of


Ethereum

in
2015,
Buterin
received
a
substantial
portion
of
ETH’s
supply.
These
holdings
allowed
him
to
temporarily
achieve
billionaire
status
when
ETH
broke
above
$3,000
during
the
2021
bull
run.
Thereafter,
his
net
worth
plunged
75%
due
to
the
market’s
downturn
in
2022.

Buterin’s
holdings
outside
of
ETH
include
StarkNet,
as
well
as
other
tokens
from
Kyber
Network
(KNC)
and
Wrapped
Ethereum
(WETH).
The
Ethereum
co-founder
owns
869,500
KNCL
and
196.42
WETH,
according
to
Arkham’s


report. 

He
also
holds
101
million
THE
tokens.
Some
of
his
smaller
noteworthy
holdings
include
$1,290
worth
of
Tornado.Cash’s
TORN
token.
Buterin
also
possesses
6.345
million
Shiba
Inu
(SHIB),
the
report
added.

Vitalik
Buterin
Still
The
Largest
Holder
Of
ETH

Buterin
stated
in
2018
that
he
has
never
held
more
than
0.9%
of
ETH’s
supply,
and
Arkham’s
report
confirms
that
his
ETH
balance
has
never
significantly
exceeded
0.9%.

His
holdings
did,
however,
reach
a
peak
of
0.91%
in
2015.
They
have
since
been
decreasing
annually.

I
never
personally
held
more
than
~0.9%
of
all
ETH,
and
my
net
worth
never
came
close
to
$1b.
Also,
I’m
pretty
sure
there
are
no
criminal
laws
against
pre-mining.

—
vitalik.eth
(@VitalikButerin)

October
10,
2018

Nevertheless,
Buterin
remains
the
largest
individual
holder
of
ETH.
Presale
investor
Rain
Lohmus
holds
more
ETH
than
Buterin,
but
has
lost
the
private
keys
to
the
wallet
with
the
tokens.

Related
Articles: