Vitalik Buterin Loses $460 Million Due to Price Drop, Community Mocks Him.


Vitalik Buterin, Co-founder of Ethereum, reportedly lost more than a total of $460 million due to recent price drops by more than 90% since Ethereum’s all-time high during January. In a funnily enough, sarcastic response to this news, the community has offered to donate to him, as his wallet currently holds around $40 million at the current price of ETH

During it’s peak, Buterin’s wallet held at 375,000 ETH. Ever since, he hasn’t gained any significant amount, but did sen out a total of 20,000 ETH. With the exception of this amount, his wallet estimated to be around $514 million on January 13th, when the price of ETH was totaled to be $1,448.  Currently, ETH remains at $144, making it’s worth to be estimated at $40 million.

Community Response

One poster on Reddit manage to call this case “the strongest hands,” but other fellow posters corrected him by stating, “The strongest hands are those that are down 90 percent and still holding, not some millionaire guy whose profits are +10,000 percent,” writes user u/HCS8B.

Although, these comments were sarcastic when it came to offering for help: “Poor guy is only worth 37M now 🙁 how can i donate to help?” writes u/BitKahn. “Send him 0.5 eth and he will send 5 eth later,” replies u/Magarum.

Our Thoughts

Buterin has previously revealed his ETH holding when he was called by the well known economist Nouriel Roubini, also known as Dr.Doom, though Twiter, “I never personally held more than ~0.9 percent of all ETH, and my net worth never came close to USD 1 billion.”

Even so, this has manage to arouse the Ethereum community and makes one wonder what kind of effect this could have in the future of ETH.

Let us know your thoughts.


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Keith Wang

Keith Wang is a writer and programmer specializing in bitcoin and blockchain technology. Keith has been a long time believer of bitcoin and blockchain technology and spends his free time following up with blockchain news.

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