The decline in Bitcoin (BTC), Ethereum (ETH) and other market prices is causing huge losses for investors. One of them belongs to Ethereum founder Vitalik Buterin, whose fortune has decreased by about $80 million in the past 24 hours.
Despite recent declines, the Russian-Canadian computer scientist’s total token holdings amount to around $808 million, according to on-chain data.
Most of his assets are concentrated in Ethereum (ETH), with over 241,000 ETH worth approximately $796 million. A portion of Buterin’s ETH holdings are deposited on DeFi lending platform Aave, along with 2,900 tokens denominated in aETHwETH.
Buterin also maintains WHITE, MOODENG, KNC, DINU, REPV2, and USDC tokens as shown below.
All of these assets held by Buterin have shown negative fluctuations in price, and the crash in ETH prices has been the main reason for the decline in Vitalik Buterin’s assets.
In the following TradingView chart, you can see: ETH price fell from around $3,900 and approached $3,150 within 5 days. This was before a slight recovery towards USD 3,340 at the time of publication of this article.
Ethereum’s decline is framed in the context of widespread selling in digital asset markets affected by macroeconomic uncertainty. CriptoNoticias reported that Bitcoin (BTC), the market’s largest digital asset, has broken below its fundamental moving average, officially signaling the arrival of a bear market in the past.