The sharp decline in the cryptocurrency market has caused a significant decline in the fortune of Ethereum founder Vitalik Buterin. According to on-chain data, Buterin lost approximately $79 million in the last 24 hours alone.
The price of Ethereum has fallen by 11.79% in the last 24 hours, falling to $3,172. While the overall market cap has shrunk due to Bitcoin’s decline, Ethereum has also faced selling pressure from investors. Vitalik Buterin’s total ETH portfolio stands at approximately 241,000 ETH, some of which is held collateralized through the Aave protocol.
Buterin’s 2,919 AETHWETH holdings on Aave are worth approximately $9.45 million. His total portfolio is now worth approximately $788 million, down from over $856 million before the crash.
Apart from ETH, some low-volume tokens in Buterin’s portfolio also lost value.
- WHITE (Whiterock): 10 billion units, approximately $1.74 million
- MOODENG (Moo-Deng-2): 30 billion units, approximately 283 thousand dollars
While the total value of the cryptocurrency market fell below $2 trillion, major coins saw sharp declines:
- Bitcoin (BTC): $100,038, down 6%
- Ethereum (ETH): $3,172, down 11.79%
- BNB (BNB): $897, down 9.31%
- Solana (SOL): $150, down 9.05%
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/ethereum-eth-plummets-vitalik-buterins-wealth-evaporates-here-are-the-losses/
