Bro is a BILLIONAIRE Again — And ETH’s $4K Rally Has Traders Eyeing New ATHs
Ethereum co-founder Vitalik Buterin reclaimed “on-chain billionaire” status as his wallet (≈240,042 ETH + smaller holdings) is now worth about $1.04B after Ether climbed above $4,000.
ETH popped ~6% in the latest surge, touching highs near $4,332 as traders cheer a momentum shift away from Bitcoin.
Big flows into spot ETH ETFs are fuelling the move — recent ETF inflows for ETH outpaced BTC, helping create short-squeeze risk: a $4,500 break could threaten roughly $1.35B of shorts.
Market chatter: some traders think a run to $4.8K (the 2021 ATH) — or higher — is only days away if momentum and ETF demand persist.
Buterin himself cautioned about over-leveraged ETH treasuries, warning that excessive on-chain treasuries could become a systemic risk if misused.
Why it matters
This isn’t just a price pump — it’s narrative + capital. ETF inflows give structural demand, whale accumulation and short-squeeze dynamics add fuel, and commentary from founders like Buterin keeps the debate grounded in long-term risk. Traders get excited; investors should watch for confirmation (volume + weekly close) and beware volatility.
Source & credit: Cointelegraph, “Vitalik Buterin reclaims ‘onchain billionaire’ crown as Ether tops $4.2K.” (Cointelegraph)
