Ethereum (ETH) has reached significant heights, crossing the $4000 mark for the first time since December 2024. This event not only solidifies the cryptocurrency's market position but also greatly impacts the financial status of its co-founder, Vitalik Buterin.
Ethereum surpasses the $4000 mark
Recent data indicate that Ethereum has exceeded the $4000 mark, bringing it closer to its all-time high (ATH) of $4,878 set in November 2021. Ethereum's market capitalization currently stands at around $519.27 billion, eclipsing that of Mastercard.
Impact on Vitalik Buterin's fortune
Co-founder of Ethereum, Vitalik Buterin, has regained billionaire status, with an estimated net worth of over $1.46 billion. This is based on his holdings of at least 325,104 ETH. Buterin lost his billionaire status during the 2022 bear market, with his wealth falling to $300.58 million by December 2022.
Factors driving Ethereum's growth and market impact
In recent weeks, Ethereum has shown growth thanks to significant institutional investments, particularly through ETFs. Additionally, the network's transition to a proof-of-stake (PoS) algorithm has greatly reduced energy consumption. The introduction of a deflationary mechanism through the EIP-1559 upgrade has also positively impacted its market value. However, Buterin warns against overly risky investing in Ether reserves, which could destabilize the network.
Crossing the $4000 mark signals a new phase for Ethereum and cryptocurrencies in general. The future of ETH remains uncertain, and many analysts are watching for the potential achievement of new records.
