Ethereum's skyward climb pushes past $4,000, reinstating Vitalik Buterin's billionaire status!
In the dynamic world of cryptocurrencies, this week has seen some significant movements. Ethereum [ETH], the second-largest digital asset by market capitalisation, has surpassed the $4,000 mark for the first time in eight months. This milestone has propelled co-founder Vitalik Buterin back into the billionaire spotlight.
ETH's latest price surge, which saw it reach a high of $4,332, has been attributed to a short squeeze, rising bullish momentum, and strong inflows into U.S-based Spot ETFs. The surge has also caused Bitcoin's [BTC] market dominance to slip on the charts.
Buterin's return to billionaire status marks a full-circle moment in his crypto journey. In May 2021, he first entered the billionaire ranks when ETH surpassed $3,000 for the first time. At press time, ETH was trading at $4,220.79, following a drop of 0.37% in 24 hours.
The surge in ETH's price coincided with Buterin's endorsement of ETH treasury firms as sound investment avenues. This endorsement has fueled profit-taking momentum, with analysts predicting that if the price of ETH pushes towards $4,500, nearly $1.35 billion in shorts are at risk.
However, not everyone is bullish about ETH's price trajectory. Michael van de Poppe, a well-known analyst, believes that a volatile correction on the long side of ETH is likely after the current price surge. He suggests that an ideal spot for taking profits in ETH is in the short-term.
Van de Poppe also points out that the market sentiment is favourable for the bulls due to the significant impact of ETH's price surge on shorts. On-chain records from Etherscan show Buterin holding around 333,500 ETH, worth roughly $1.029 billion, in May 2021. As of 2022, Vitalik Buterin's crypto portfolio, primarily consisting of 240,042 ETH and smaller holdings in various tokens, is now valued at approximately $1.04 billion.
Regarding his net worth, Vitalik's portfolio value fluctuates with the price of ETH. By August 2025, his net worth was reported to be around $1.04 billion, based largely on holding about 240,000 ETH and additional stakes in decentralized finance (DeFi) projects and blockchain ventures like StarkWare and MegaETH.
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Raydium, a decentralised exchange aggregator on the Solana blockchain, has also seen a surge, reaching a 3-month high. Some analysts speculate whether a $4 target for RAY is within reach, given the current bullish sentiment in the market.
In conclusion, Ethereum's price surge has once again put Vitalik Buterin in the billionaire spotlight. While the market sentiment remains bullish, analysts suggest that a correction may be imminent. For those interested in staying updated with the latest news in the crypto market, a daily newsletter subscription is available.
- The surge in Ethereum's [ETH] price has been attributed to a short squeeze, rising bullish momentum, and strong inflows into U.S-based Spot ETFs, which has also caused Bitcoin's [BTC] market dominance to slip on the charts.
- Analysts predict that if the price of ETH pushes towards $4,500, nearly $1.35 billion in shorts are at risk, as this endorsement from co-founder Vitalik Buterin has fueled profit-taking momentum.
- Vitalik Buterin's return to billionaire status marks a full-circle moment in his crypto journey, as in May 2021, he first entered the billionaire ranks when ETH surpassed $3,000 for the first time.
- The crypto market continues to be influenced by technology, with Raydium, a decentralised exchange aggregator on the Solana blockchain, also seeing a surge, reaching a 3-month high, causing some analysts to speculate whether a $4 target for RAY is within reach.
