Ethereum co-founder Vitalik Buterin once again became a holder of on-chain billion-level crypto assets after ETH surpassed the $4,000 mark for the first time in eight months.
Blockchain intelligence company Arkham stated on Saturday: “Vitalik Buterin has once again become an on-chain billionaire.” As of the time of writing, Buterin’s portfolio is valued at approximately $1.04 billion, which includes 240,042 ETH and a small amount of other cryptocurrencies.
Traders expect Ethereum to hit an all-time high.
On Saturday, the price of ETH rose by 6.38%, reaching $4,332. This is the highest level since December 2024, while Bitcoin's market share declined.
As of the time of writing, the trading price of ETH is $4,244.
Some traders predict that ETH may approach the historical high of $4,878 set in November 2021. Trader Ted stated in a post that this is “just a matter of time.”
According to CoinGlass, if the ETH price rises to $4,500, short positions valued at approximately $1.35 billion are expected to be at risk.
Arkham also noted that the momentum for ETH exchange-traded funds (ETFs) is increasing: “Yesterday, the inflow of ETH ETFs reached $461 million, surpassing Bitcoin’s $404 million.”
Buterin first became a crypto billionaire at the age of 27.
Buterin became a crypto billionaire in May 2021 when Ethereum first broke through $3,000.
At that time, he held approximately 333,500 ETH, worth about $1.029 billion.
In October 2018, Buterin stated that he had never held more than 0.9% of Ethereum, and his total net worth had “never come close” to $1 billion.
Related: Ethereum capital inflow surpasses Solana, target of $4,000 has been seen.
Although the industry attributes most of the increase in Ethereum's price to the Ethereum treasury company, Buterin has issued a strong warning regarding this trend.
Buterin stated in a recent interview: “If three years from now I am told that the treasury caused the drop in ETH, my guess is that the treasury may have turned into an overly leveraged game.”
