Vitalik Buterin's crypto wealth increased by $300 million in the first half of 2024
Ethereum founder Vitalik Buterin is said to own $860 million in ETH, along with many investments in other projects.
On-chain statistics unit Arkham Intelligence recently published a report on the assets of Vitalik Buterin, founder of Ethereum (ETH). Accordingly, Vitalik Buterin owns more than 860 million USD in cryptocurrency, an increase of nearly 300 million USD compared to the most recent statistics in January 2024.
The majority of Vitalik Buterin's assets are in the form of ETH, with a proportion of up to 98%. In addition, the founder of Ethereum also holds tokens Wrapped Ether (WETH), Starknet (STRK), Kyber Network (KNC), Degen Chain (DEGEN), stablecoin USDC, Ethereum Name Service (ENS), ... Therefore, the The increase in ETH price in the first half of 2024 has contributed significantly to helping Buterin's asset portfolio increase by more than 50% in just 6 months.
In particular, the amount of ETH owned by Buterin is up to the amount allocated to the project development team after the ICO event in 2015.
According to Arkham statistics, with more than 245,000 ETH in possession, the Ethereum founder's wallet is in the top 20 addresses containing the most ETH. However, the statistical agency admitted that Buterin's real net worth could be much higher if the total of other undiscovered addresses, as well as personal investments in other, new crypto projects were added. Most notably MegaLabs and Polymarket.
When the Ethereum price reached its ATH peak in November 2021, Vitalik Buterin's total ETH asset value also recorded a record high of more than 1.6 billion USD, while the total value of assets in the wallet reached 2 billion. USD. However, when the cryptocurrency market collapsed in the period 2022 - 2023, the founder of Ethereum lost his title of "crypto billionaire" and has not been able to regain it until now.
Vitalik is known to regularly donate ETH to charitable causes. He affirmed that since 2018, he has no longer sold ETH for personal purposes.
One of the notable activities of Vitalik Buterin wallet is the decision to burn Shiba Inu (SHIB) tokens. At that time, the founder of Ethereum was given 50% of the total supply of SHIB by this memecoin project. In May 2021, the UK burned 410 trillion SHIB, worth more than 8.5 billion USD at that time, and then donated the remaining 50.69 trillion SHIB (1.5 billion USD) to operations. COVID-19 relief effort in India.
Arkham also published estimates of the assets of other Ethereum co-founders in different timelines as shown in the table below.
Meanwhile, the richest person in the cryptocurrency industry at the moment is still former Binance CEO Changpeng Zhao with a fortune of more than 61 billion USD, mainly in the form of shares owned by Binance and BNB tokens. The remaining names on the list include Coinbase CEO Brian Armstrong (11.2 billion USD), Tether Chief Financial Officer Giancarlo Devasini (9.2 billion USD), MicroStrategy CEO Michael Saylor (4.4 billion USD),...
