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Vitalik Buterin Becomes Crypto Billionaire Following Ethereum’s New Record High of Over $3,000

The co-founder of the Ethereum blockchain, Vitalik Buterin, has become a crypto billionaire, following Ether’s new record high of $3,000. ETH hit $3,003 for the first time in history on the 3rd of May. The new milestone cut across several exchanges, including Binance, Bybit, Coinbase, and BitMEX. As a result, the co-founder now boasts of a $1 billion balance on his public Ether address. 

Buterin’s public Ether address, which he referred to as his main wallet in 2018, currently holds about 333,520 Ether (ETH). As stated by Etherscan, the ETH holding is worth $1.054 billion. 

Like other cryptocurrencies, ETH has grown significantly in 2021. The crypto asset, which was trading at about $700 at the beginning of the year, is now worth $3,162, according to CoinMarketCap. The asset has jumped nearly 8% in the last 24 hours. At press time, ETH stands at a market valuation of nearly $366 billion. 

According to Coingecko, the world’s largest altcoin has also advanced more than 36.9% in the last seven days. In addition, ETH has climbed more than 40% in the last 30 days. 

As Buterin’s news hit the internet, some crypto lovers have said that the co-founder is now the youngest crypto billionaire.  

Image Credits: Pixabay

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 03.05.2021

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