Arkham Reports Worth of Ethereum's Co-Creator, Vitalik Buterin, Exceeds $800 Million.
Vitalik Buterin, one of the creators of Ethereum, has amassed a fortune exceeding $800 million, as reported by blockchain analytics company Arkham Intelligence. The majority of Buterin's wealth comes from his ownership of 244,001.02 ETH, along with profitable investments in various cryptocurrency ventures. According to Arkham's June 29 update, Buterin's net worth has surged from around $500 million at the beginning of the year.
In 2011, Vitalik Buterin embarked on his crypto journey by co-founding Bitcoin Magazine. His vision led to the creation of Ethereum in 2013, aiming to overcome Bitcoin's limitations. At the launch of Ethereum in 2015, Buterin acquired a significant amount of ETH.
This enabled him to briefly reach billionaire status when ETH surged above $3,000 during the bullish trend of 2021. However, his fortune plummeted by 75% in 2022 as the market declined.
In addition to his substantial 101 million THE tokens, Vitalik Buterin also has a modest $1,290 in Tornado.Cash's TORN token. Furthermore, he owns 6.345 million Shiba Inu (SHIB), as reported.
Vitalik Buterin, the prominent figure in the Ethereum community, has consistently claimed that he has never possessed more than 0.9 of the total ETH supply. This assertion is supported by Arkham's findings, which indicate that Buterin's ETH holdings have never substantially exceeded this threshold. In a peak moment back in 2015, his holdings briefly touched 0.91 before gradually decreasing over subsequent years.
Despite rumors suggesting otherwise, Buterin affirms that he has never held more than 0.9 of all ETH and emphasizes that his net worth has not even approached $1 billion. Furthermore, he confidently states that there are no legal repercussions for pre-mining activities.
Nonetheless, Buterin continues to maintain his position as the largest individual holder of ETH within the Ethereum ecosystem. It is worth noting that Rain Lohmus, an early investor in the presale phase, technically holds a larger amount of ETH than Buterin; however, Lohmus faces a predicament as he has misplaced the private keys to access his wallet containing these tokens.
The Birth Of Ethereum
Apart from ETH, Buterin also holds assets in StarkNet, Kyber Network (KNC), and Wrapped Ethereum (WETH). Reports indicate that he owns 869,500 KNCL and 196.42 WETH outside of his Ethereum holdings.In addition to his substantial 101 million THE tokens, Vitalik Buterin also has a modest $1,290 in Tornado.Cash's TORN token. Furthermore, he owns 6.345 million Shiba Inu (SHIB), as reported.
Vitalik Buterin, the prominent figure in the Ethereum community, has consistently claimed that he has never possessed more than 0.9 of the total ETH supply. This assertion is supported by Arkham's findings, which indicate that Buterin's ETH holdings have never substantially exceeded this threshold. In a peak moment back in 2015, his holdings briefly touched 0.91 before gradually decreasing over subsequent years.
Despite rumors suggesting otherwise, Buterin affirms that he has never held more than 0.9 of all ETH and emphasizes that his net worth has not even approached $1 billion. Furthermore, he confidently states that there are no legal repercussions for pre-mining activities.
Nonetheless, Buterin continues to maintain his position as the largest individual holder of ETH within the Ethereum ecosystem. It is worth noting that Rain Lohmus, an early investor in the presale phase, technically holds a larger amount of ETH than Buterin; however, Lohmus faces a predicament as he has misplaced the private keys to access his wallet containing these tokens.
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