• Vitalik Buterin, co-founder of Ethereum, saw his wallet holdings decrease by 75% in 2022, from $1.3 billion to $328 million.
• Buterin’s top asset was Ethereum, comprising nearly the totality of his holdings.
• His biggest outflows of the year included $60.25 million worth of Ethereum, two transactions of $50 million worth of USD Coin for a total of $100 million and $48 million.
In 2022, the cryptocurrency industry saw an overall decrease in value and many investors going bankrupt. Despite this, how did portfolios of top institutions and insiders fare? Vitalik Buterin, the co-founder of Ethereum and the face of the ecosystem, had a total of $1.3 billion worth of assets in his publicly-known wallet addresses as of January 1, 2022. However, by the start of 2023, this had decreased by a staggering 75% to $328 million. At press time, the wallet’s value has increased to $423 million.
Buterin’s top asset was Ethereum, comprising nearly the totality of his holdings and amounting to $316 million. His other assets were worth considerably less than a million dollars each, according to data from Arkham Intelligence. The price of Ethereum began the year at $770 and is now trading at $1,612, indicating some increase in value. Yet, Buterin’s wallets are now holding fewer assets due to numerous outgoing transactions and the falling value of several tokens.
Some of the biggest transactions from Buterin’s wallet in 2022 include $60.25 million worth of Ethereum, two transactions of $50 million worth of USD Coin for a total of $100 million and $48 million. This is not an exhaustive list of outgoing transactions, though, as Buterin also sent numerous other payments throughout the year.
In conclusion, Vitalik Buterin’s wallet holdings decreased significantly in 2022, but the price of Ethereum also increased over the course of the year. While his outgoing transactions decreased the total value of his wallet, it has since recovered to $423 million as of Jan. 1, 2023.