{"id":119289,"date":"2021-03-31T18:30:23","date_gmt":"2021-03-31T18:30:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=119289"},"modified":"2021-03-31T18:30:23","modified_gmt":"2021-03-31T18:30:23","slug":"vitalik-buterin-heads-towards-billionaire-club","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/ethereum\/vitalik-buterin-heads-towards-billionaire-club\/","title":{"rendered":"Vitalik Buterin Heads Towards Billionaire Club"},"content":{"rendered":"
Ethereum’s co-founder Vitalik Buterin is not far off from becoming a billionaire with his estimated net worth rising to circa $700 million.<\/p>\n
His biggest chunk of wealth is by far in ethereum, with blockchain data showing he currently holds at least 333,520 eth.<\/p>\n
That’s down from 350,000 eth in December 2019 with Buterin selling about \u25ca5,000 on February the 9th 2020 when the price was $220 and another circa \u25ca10,000 on the 1st of August 2020 at the price of about $400.<\/p>\n
<\/p>\n
His remaining eth are currently worth $618 million, with Buterin having previously sold an estimated total of $50 million.<\/p>\n
Another address has circa $5 million worth in total of mostly tokens, bringing it to a combined estimate of $700 million.<\/p>\n
That makes him one of the richest man under 30, with the 27 year old traveling constantly around the globe prior to the pandemic.<\/p>\n
Thus how much of his fiated $50 million is left, is unclear. Just as it is unclear whether he plans to fiat any of his eth and\/or when.<\/p>\n
His addresses are closely watched however with their movements previously significantly affecting the price, not least because he usually sold the top.<\/p>\n
The Ethereum Foundation (EF) also basically sold the top previously, with it currently having 430,340 eth, worth about $800 million.<\/p>\n
That’s a lot of funds to fund ethereum’s development, with the Ethereum Foundation moving 100,000 eth in December 2020 and another circa 30,000 eth this month.<\/p>\n
That 100,000 eth went to Kraken, maybe to stake there, with the 30,000 eth also seemingly going to the exchange.<\/p>\n
If they staked it, then that should ensure some stable income for the foundation as it too nears $1 billion in assets.<\/p>\n