The fall in the price of bitcoin (BTC), ether (ETH) and the rest of the market has left large losses among investors. One of these is that of Vitalik Buterin, founder of Ethereum, whose fortune fell by about $80 million in the last 24 hours.
On-chain data shows that the total value of the Russian-Canadian computer scientist’s token holdings ascend to approximately $808 million, despite the recent reduction.
Most of his assets are concentrated in ether (ETH), with more than 241,000 ETH valued at about $796 million. A portion of Buterin’s ETH holdings are deposited on DeFi lending platform Aave, with 2,900 tokens denominated in aETHwETH.
Buterin also maintains WHITE, MOODENG, KNC, DINU, REPV2 and USDC tokens, as seen below:
Each of these assets held by Buterin shows negative variations in their price, with the collapse in the price of ETH being the main reason for the decline in Vitalik Buterin’s assets.
In the following TradingView chart you can see that The price of ETH fell from the USD 3,900 area to approach USD 3,150 in a period of five days. This, before a slight recovery towards USD 3,340 at the time of this publication.
Ethereum’s decline is framed in a context of widespread sales in the digital asset market, influenced by macroeconomic uncertainty. CriptoNoticias reported that bitcoin (BTC), the largest digital asset in the market, broke down a fundamental moving average, which in the past made official the arrival of the bear market.