Vitalik Buterin’s primary Ethereum wallet has exceeded $1 billion in on-chain assets, marking a significant milestone for the cryptocurrency’s co-founder.
This achievement underscores the substantial growth of the Ethereum network itself, reflecting increasing market confidence and institutional investment.
Current market data shows Ethereum’s market capitalization at $507.89 billion, with its token trading at $4,207.58. The price reflects a 6.03% increase over the last 24 hours and a 68.51% surge over the past 90 days.
The milestone coincided with Ethereum demonstrating notable resilience during a significant market event involving the liquidation of $108.8 million worth of ETH, highlighting the network’s stability under pressure.
Analysts note that while Buterin’s personal wealth accumulation showcases Ethereum’s success, it is not a direct driver of the network’s long-term valuation metrics. Broader institutional interest continues to provide strong support for Ethereum’s value, though ongoing regulatory developments remain a factor influencing the market.