Key Takeaways
It’s déjà vu for Ethereum’s co-founder after ETH’s rally past $4,000 once again made Buterin a billionaire. The move triggered massive liquidations, with bullish sentiment suggesting that the party might just be getting started.
Ethereum [ETH]’s latest price surge has once again propelled co-founder Vitalik Buterin into the billionaire spotlight, with ETH breaking above the $4,000-mark for the first time in eight months.
Vitalik Buterin turns billionaire!
According to Arkham, Buterin’s crypto portfolio, dominated by 240,042 ETH and supplemented by smaller holdings in tokens like AETHWETH, WHITE, MOODENG, and WETH, is now valued at roughly $1.04 billion.
Source: Arkham/X
The milestone came after ETH jumped by another 6.38% to a high of $4,332 – Marking its strongest level since December 2024. On the contrary, Bitcoin [BTC]’s market dominance slipped on the charts. At press time though, ETH was trading at $4,220.79 following a drop of 0.37% in just 24 hours.
Buterin’s return to billionaire status marks a full-circle moment in his crypto journey.
For those unaware, Buterin first entered the billionaire ranks in May 2021 at the age of just 27. Back then, the popular altcoin had surpassed the $3,000-mark for the very first time.
In fact, on-chain records from Etherscan showed him holding around 333,500 ETH, worth roughly $1.029 billion. This, after the token’s price skyrocketed 4x from about $700 towards the start of that year.
Remarkably, this milestone came in under three years after Buterin humbly remarked in October 2018 that he had never possessed over 0.9% of Ethereum’s total supply. At the time, he also claimed that his net worth had “never even approached” the $1-billion figure.
Execs weigh in…
Remarking on ETH’s price action, Michaël van de Poppe noted,
“An ideal spot to be taking profits in the short-term, not ideal if you’re planning to be buying the asset.”
He added,
“Given that all the short side liquidity has been taken out, I think the long side is going to be a relatively short-lived volatile correction, and then we’re good to go. Looking great.”
Source: Michaël van de Poppe/X
As expected, the altcoin’s scale of price appreciation had a significant impact on shorts in the market. One user pointed out,
Source: Rekt Fencer/X
Here, the analyst highlighted that ETH’s recent surge, fueled by a short squeeze, rising bullish momentum, and strong inflows into U.S-based Spot ETFs, has reignited optimism that it could soon challenge its all-time high soon.
With nearly $1.35 billion in shorts at risk if the price pushes towards $4,500, it would seem that the market sentiment is firmly in favor of the bulls.
Here, it’s worth pointing out that this surge also coincided with Buterin’s endorsement of ETH treasury firms as sound investment avenues. This has fueled heightened profit-taking momentum though.
