Ethereum

2024

Bitcoin

Arkham

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The total value of cryptocurrencies held by Ethereum co-founder Vitalik Buterin has increased by $19 million over the past week amid a broader resurgence in the digital asset markets. 
Data <a href="https://platform.arkhamintelligence.com/explorer/entity/vitalik-buterin" target="_blank" rel="noopener">provided</a> by blockchain analytics firm Arkham Intelligence shows that the balance of Buterin’s known crypto wallets rose from $561 million on Dec. 26 to $580 million on Jan. 2 — an increase of nearly 3.4%. The gains coincide with a spike in the price of Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) and other major cryptocurrencies like Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>). 
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 <img loading="lazy" decoding="async" width="873" height="313" src="https://crypto.news/app/uploads/2024/01/image-1.png" alt="Vitalik Buterin made $19m within week amid market enthusiasm - 31" class="wp-image-14233743">
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 Vitalik Buterin’s crypto wallets’ value chart. | Source: Arkham Intelligence
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 You might also like: <a href="https://crypto.news/vitalik-buterin-reveals-six-focuses-ethereum-2024/"> Vitalik Buterin reveals 6 main focuses for Ethereum in 2024 </a> 
Buterin’s holdings are dominated by Ethereum, which explains the gain. Ethereum climbed from around $2,218 to nearly $2,370 over the same period, increasing around 6.6%. 
Ethereum is the only part of this $580 million portfolio worth millions, followed by $635,000 of Kyber Network (KNC) and $456,000 of Wrapped Ethereum (WETH). The development follows Buterin’s recent criticism for <a href="https://crypto.news/vitalik-buterins-new-proposal-would-cut-ethereums-security/">proposing</a> cutting Ethereum’s security to increase the network’s efficiency. 
Vitalik Buterin is a Russian-Canadian computer programmer best known as Ethereum’s co-founder. He was born in 1994 in Kolomna, Russia, and moved with his family to Canada when he was six. As a child, Buterin displayed an aptitude for math, programming, and economics. He first became interested in cryptocurrency and blockchain technology as a teenager. 
Buterin co-founded Bitcoin Magazine, one of the first serious publications dedicated to cryptocurrencies, and in 2013, Buterin published the white paper for Ethereum. He argued Bitcoin needed a scripting language for application development. Ethereum launched in 2015 after starting development in 2014 with Buterin as a co-founder. 
 Read more: <a href="https://crypto.news/vitalik-buterin-pitches-3-pathways-to-simplify-ethereums-pos-model/"> Vitalik Buterin pitches 3 pathways to simplify Ethereum’s PoS model </a>

Vitalik Buterin made $19m within week amid market enthusiasm

crypto.news

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