Ethereum co-founder Vitalik Buterin’s net worth has risen 54% this year to more than $851 million, Arcam said.

The net worth of Ethereum co-founder Vitalik Buterin has risen more than 54% this year to about $851 million, according to blockchain analytics firm Arcam.

Most of Buterin’s wealth comes from $244,001.02 Ethereum He owns it, while also contributing several strategic investments in other crypto projects.

Vitalik Buterin is one of the most prominent figures on crypto Twitter – he is credited with creating Ethereum, and has been active in the crypto space for over a decade.

Our research team wrote an article earlier this year examining the Buterin-Arkham portfolio lineage, analyzing… pic.twitter.com/p7Kp0RwKPA

– Arkham (@ArkhamIntel) June 29, 2024

Birth of Ethereum

Buterin’s journey into cryptocurrency began in 2011 when he co-founded Bitcoin Magazine. He then proposed Ethereum in 2013 to address some of the limitations of the Bitcoin network.

During launch Ethereum In 2015, Buterin acquired a significant portion of the Ethereum supply. These holdings allowed him to temporarily achieve billionaire status when the price of Ethereum topped $3,000 during the 2021 bull run. His net worth subsequently dropped by 75% due to the market crash in 2022.

Buterin’s holdings outside of ETH include StarkNet, as well as other tokens from Kyber Network (KNC) and Wrapped Ethereum (WETH). The Ethereum co-founder owns 869,500 KNCL and 196.42 WETH, according to Arkham’s a report.

He also owns 101 million THE tokens. Some of his smaller notable holdings include the $1,290 Tornado.Cash token TORN. Buterin also owns 6.345 million Shiba Inu (SHIB), the report added.

Vitalik Buterin is still the largest holder of ETH

Buterin stated in 2018 that he never held more than 0.9% of the ETH supply, and the Arkham Report confirms that his ETH balance never exceeded 0.9% significantly.

However, his holdings peaked at 0.91% in 2015. Since then, his holdings have been decreasing annually.

I personally have never owned more than 0.9% of all ETH, and my net worth has never come close to $1 billion. I am also pretty sure there are no criminal laws against pre-mining.

— Vitalik.eth (@VitalikButerin) October 10, 2018

However, Buterin remains the largest single holder of Ethereum. Pre-sale investor Ryan Lohmos holds more Ethereum than Buterin, but has lost the private keys to the wallet containing the tokens.

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