Ethereum

Arkham

Read

<div class="cryptonews">
 <p>Blockchain data shows that the value of the assets held by Ethereum co-founder Vitalik Buterin is down by about $20 million over the last seven days.</p>
 <p>According to information available on blockchain data platform Arkham Intelligence, the value of the assets held on publicly-known Buterin’s addresses went from $412 million on Oct. 3 to $392 million as of press time on Oct. 10. This translates to a loss of about $20 million, or 4.85% of the total portfolio value.</p>
 <p>While at first $20 million seems like a staggering amount to lose in a week, looking at the percentage loss of under 5% makes it more reasonable — and examining the contents of this portfolio such a loss seems unexpectedly low. Buterin’s portfolio is almost completely comprised of Ethereum, which makes up over $391 million of his assets, with the rest being minor quantities of various tokens.</p>
 <div class="cn-block-related-link"><span> You might also like: </span> Ethereum co-founder Vitalik Buterin sends 400 ETH to Coinbase
 </div>
 <p>Given this information the loss in Buterin’s portfolio is easily explained by Ethereum’s recent price performance. As of press time, CoinMarketCap data shows that ETH is trading at $1,559 after losing nearly 1% over the last 24 hours and 5.85% over the last seven days.</p>
 <p>This kind of commitment by Buterin most likely goes to show his conviction in the future of the ecosystem that he helped create. In a very direct way, his net worth largely depends on how Ethereum fares in the market over the long run — unless he decides to jump ship in what would likely be seen as a major bearish sign.</p>
 <div class="cn-block-related-link"><span> Read more: </span> Ethereum co-founder Vitalik Buterin calls for privacy and decentralization
 </div> <span>Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vitalik-buterin-s-holdings-lost-20m-in-a-week-tbt65861.html">https://thebittimes.com/vitalik-buterin-s-holdings-lost-20m-in-a-week-tbt65861.html</a></p>

Vitalik Buterin’s holdings lost $20m in a week

TheBitTimes

Other articles published on Oct 10, 2023

Join our free newsletter for daily crypto updates!