Ethereum co-founder Vitalik Buterin becomes billionaire as Ether hits $3K

Ethereum

Vitalik Buterin, a co-founder of the world’s most popular smart contract platform, the Ethereum blockchain, has officially become a crypto billionaire.

Buterin’s public Ether address that he described as his main wallet back in 2018, has hit $1 billion on its balance following Ether’s meteoric rise above a $3,000 price mark on Monday.

At the time of writing, the address holds around 333,500 Ether (ETH) , now worth $1.029 billion according to on-chain data from Etherscan, as ETH more than quadrupled in value from around $700 in the beginning of 2021.

At publishing time, the world’s largest altcoin is trading at $3,144, up 8.6% over the past 24 hours, with gains of 36% over the past seven days, according to data from CoinGecko.

Ethereum price chart over the past 180 days. Source: CoinGecko

According to some online crypto players, 27-year-old Buterin now could be the youngest self-made billionaire in the cryptocurrency industry. 

Amid surging prices, Buterin has been generous with his crypto holdings. In late April, the Russian-Canadian programmer donated 100 Ether and 100 Maker (MKR)  tokens to a COVID-19 relief fund for India.

Articles You May Like

Polkadot’s founder announces steps toward full decentralization with new governance model
That’s ‘Sir’ Crypto Dad: French order knights former CFTC chair Chris Giancarlo
Uniswap analysis: UNI price can double based on a classic technical pattern
It’s time to refocus on crypto infrastructure, CoinShares CSO says
Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice