Ethereum (ETH) Hits $3,000 and its Founder is Now a Billionaire
As per the latest reports, the foundation of the second-largest cryptocurrency in the entire world, Ethereum (ETH) is officially a billionaire. Ethereum (ETH) is considered a revolutionary blockchain infrastructure ever introduced in the cryptocurrency industry.
For Vitalik Buterin, it has been one of the best experiences and most remarkable achievements. Although launched in 2015, Ethereum (ETH) managed to outdo every other cryptocurrency and started trailing Bitcoin (BTC). As of now, Ethereum’s market capitalization is second only to that of Bitcoin (BTC) whose market capitalization is more than a trillion dollars.
According to the on-chain data analyzing firms, a cryptocurrency wallet Vitalik Buterin had once claimed to be his primary one now has Ether (ETH) worth more than a billion.
This means that Buterin is now among one of the most influential and wealthiest personalities in the crypto-verse. The firm analyzing Buterin’s cryptocurrency wallet has claimed that the reason behind Buterin becoming a billionaire is Ethereum’s price surge.
Although Ether (ETH) prices started experiencing a surge from the beginning of 2021, the recent surge it experienced was from the beginning of April 2021. That is when Ether (ETH) prices started experiencing a surge and its price experienced a significant rise.
While the month of April proved extremely bullish for Ether (ETH), the month of May seems to be even better. As of Monday, May 3, the price of Ethereum is higher than $3,000 per ETH and continues to rise higher.
Coming back to Vitalik Buterin’s primary cryptocurrency wallet, the sources claim that the wallet currently has 333,500 ETH stored in it. At the time of writing, 333,500 ETH translates to more than $1 billion and the price will continue rising.
At the time of writing, the market price of one Ether (ETH) is $3,135, and it is constantly experiencing a surge since Monday, May 3. Data from one of the cryptocurrency data analyzing firm shows that Ether’s (ETH) price has surged by 8.6% in the last 24 hours.
If we look at Ether’s growth in the last seven days, then the growth rate is 36%, which is even higher than the daily growth rate.
In the light of the above, many Ethereum (ETH) enthusiasts and fans of Buterin have started sharing their own thoughts about his achievement. Many enthusiasts are stating that with the recent developments, Buterin might be the youngest billionaire in the entire cryptocurrency industry.
However, Buterin may soon bring push himself out of the billionaire club. The cryptocurrency industry has found Buterin to be very generous and dedicated to helping people out. Buterin reportedly donates Maker (MKR) and Ether (ETH) out of his personal portfolio for noble causes.
There are possibilities that Buterin may find this opportunity to be the perfect one and proceed with selling a chunk of his Ether (ETH) for donation causes.