$ETH Creator Back as a Billionaire as Prices Soar

* What happened: Vitalik Buterin, the co-founder of Ethereum, is once again a billionaire in terms of his cryptocurrency holdings. This happened because the price of Ethereum's coin, Ether ETH, shot up past $4,200.

* Why: A company that tracks crypto wallets (Arkham) reported that the value of Buterin's known crypto assets jumped over $1 billion. This surge came just days after Ether broke through $4,000 for the first time in over eight months (since December 2024).

* His holdings: Buterin mainly holds a large amount of Ether (around 240,000 ETH), plus smaller amounts of several other cryptocurrencies.

* Market excitement: Crypto traders are very optimistic. Ether's price jumped another 6% on Saturday, reaching as high as $4,332. Many believe Ether's price is set to hit a brand new all-time high very soon.

* Current price: As of the report, Ether is trading around $4,244.

* Bitcoin note: While Ether surged, Bitcoin's dominance in the overall cryptocurrency market decreased slightly.

In short: Thanks to a big jump in the price of Ether, Ethereum's creator Vitalik Buterin is once again considered a billionaire based on his publicly known cryptocurrency holdings, and traders think Ether's price could keep climbing to record levels.

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