Vitalik Buterin Back in Billionaire Club as ETH Tops $4K
Main Idea
Vitalik Buterin's onchain portfolio has surpassed $1 billion as Ethereum (ETH) surges past $4,000, with traders eyeing a potential retest of its all-time high.
Key Points
1. Vitalik Buterin’s onchain portfolio is valued at around $1.04 billion, with 240,042 ETH as its core holding.
2. Ethereum (ETH) surged past $4,000, reaching $4,332, with analysts predicting a potential retest of its all-time high of $4,878.
3. Market data suggests a move to $4,500 could trigger a significant short squeeze, potentially liquidating $1.35 billion in short positions.
4. ETH-focused ETFs recorded $461 million in inflows, outpacing Bitcoin ETFs at $404 million over recent trading sessions.
5. Buterin first became a billionaire in May 2021 when ETH crossed $3,000, though he disclosed he never controlled more than 0.9% of ETH supply.
Description
Ethereum’s Vitalik Buterin has returned to the billionaire ranks after Ether’s surge past $4,000, a milestone last seen in December 2024. Key Takeaways: Vitalik Buterin’s onchain portfolio has surpassed $1B as ETH rallies past $4,000. Traders eye a potential retest of ETH’s $4,878 all-time high. Ether ETFs are seeing stronger inflows than Bitcoin ETFs, signaling growing institutional interest in ETH. Blockchain intelligence firm Arkham reported on Saturday that Buterin’s onchain portfolio is now...
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