Arkham’s New Report Reveals Vitalik Buterin’s Net Worth

Arkham’s New Report : Ethereum Founder Vitalik Buterin’s Surprising Wealth Unveiled by Arkham

Arkham’s New Report- Vitalik Buterin’s net worth has seen a significant increase, rising from $552.86 million at the start of 2024 to an impressive $834.66 million, according to on-chain analytics firm Arkham Intelligence.

The Ethereum co-founder’s wealth primarily stems from his extensive ETH holdings and strategic investments in various crypto projects, notably StarkNet.

A Closer Look at Buterin’s Wealth

Buterin’s journey in the cryptocurrency world began in 2011 when he co-founded Bitcoin Magazine. Frustrated by Bitcoin’s limitations, he proposed Ethereum in 2013 to create a more versatile blockchain. With Ethereum’s launch in 2015, Buterin received a substantial portion of its initial supply, laying the foundation for his significant net worth.

Currently, Buterin holds approximately 245,279 ETH tokens, a significant factor in his wealth. The value of these holdings fluctuates with Ethereum’s market price. At the peak of the 2021 bull market, when ETH hit its all-time high of $4,891, Buterin’s net worth soared past $2 billion. However, the market downturn by the end of 2022 slashed it by about 75%. Despite such volatility, Buterin’s strategic investments and continued involvement with Ethereum have sustained his financial stature.

In 2018, Buterin publicly stated that he had never held more than 0.9% of all ETH. This claim seems accurate, as his known ETH holdings have never significantly exceeded 0.9% of the total supply, peaking at 0.91% in 2015. Since then, his holdings have been decreasing annually.

Buterin’s Other Digital Assets

Buterin remains the largest individual holder of ETH, though Ethereum pre-sale investor Rain Lohmus, who holds 250,000 ETH, could challenge this title—if he had access to his private keys.

Besides ETH, Buterin owns various other digital assets. His notable non-ETH holdings include 869,509 KNCL tokens from Kyber Network, where he serves as an advisor, valued at about $473,830, 845,205 STRK tokens from StarkNet, and 248.42 Wrapped Ether (WETH) tokens worth approximately $436,920.

Community Reactions to Arkham’s Report

Arkham’s publication has sparked mixed reactions within the crypto community. Some members criticized the platform’s focus on Buterin’s wealth, arguing that the Ethereum co-founder is more concerned with the blockchain’s potential than his personal net worth.

“I believe that Vitalik Buterin does not care about how much money he has. His wealth lies in blockchain and his belief in what he is doing. Therefore, I do not care if he is the richest man in the world or the poorest. Enter his mind, not his wallet,” one user on X commented.

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