Ethereum News Today: Vitalik Buterin Reaches Billionaire Status as Ethereum Surges 22% Weekly

Generated by AI AgentCoin World
Sunday, Aug 10, 2025 5:23 am ET1min read
Aime RobotAime Summary

- Vitalik Buterin regained billionaire status as Ethereum surged 22% weekly, valuing his holdings at $1.03 billion.

- Institutional demand drove ETH's rally, with firms accumulating 3 million ETH ($12B) and spot ETFs gaining $5B in July.

- Market forecasts predict ETH exceeding $5,000 by year-end, with some analysts targeting $10,000 amid bullish momentum.

- Ethereum's $4,047 peak triggered $134M in short liquidations, while its $488B market cap solidified its second-largest crypto position.

Vitalik Buterin, co-founder of

Ethereum
, has once again reached billionaire status following a significant price rally in ETH. As of August 8, 2025, his public wallet holdings are valued at over $1.03 billion, driven by Ethereum’s 22% weekly gain and a market cap that has surpassed $510 billion [1]. Buterin’s primary asset is approximately 240,042 ETH, worth around $1.01 billion, according to blockchain analytics firm Arkham Intelligence [2]. Additional holdings include 2,906 AETHWETH ($12.2 million), 10 billion WHITE tokens ($2.86 million), and smaller stakes in various other altcoins.

Ethereum’s price surge has been largely attributed to increased institutional demand for the cryptocurrency as a treasury reserve asset. Firms such as SharpLink and

BitMine
have collectively accumulated over 3 million ETH, representing 2.5% of the total supply and valued at more than $12 billion [3]. This institutional adoption has been further supported by the launch of spot Ethereum ETFs, which saw nearly $5 billion in inflows in July [4].

Buterin has publicly acknowledged the growing institutional interest in Ethereum, though he has also warned of potential risks. He expressed cautious optimism, noting that if he were to be informed in three years that treasuries caused a decline in ETH, he would expect it to stem from overleveraging [3]. His comments reflect a broader call for responsible investment in the crypto space.

Ethereum’s recent performance has also drawn attention from traders, with the token briefly reaching a high of $4,047 on August 8, 2025—its highest level of the year [3]. Over $134 million in short positions were liquidated within a 24-hour period, highlighting the strong bullish momentum in the market [3]. The price surge has led to increased profit-taking, contrasting with the volatility observed in early July [5].

Looking forward, market participants remain optimistic. On prediction platform Polymarket, traders are assigning a 60% probability that ETH will exceed $5,000 by year-end, with some anticipating it could reach $6,000 or even $7,000 [3]. Arthur Hayes, co-founder of BitMEX, has forecasted that Ethereum could hit $10,000 by the end of 2025, with some analysts suggesting an even more aggressive target of $60,000 [3].

As Ethereum gains traction among institutional investors, the broader crypto market has also seen significant activity. At the time of reporting, the total market cap stood at $3.89 trillion, with

Bitcoin
maintaining a dominance of 59.67%. Ethereum remains the second-largest cryptocurrency by market cap, with a 24-hour trading volume of $46.05 billion and a market cap of $488.37 billion [3].

Source:

[1] Mitrade - https://www.mitrade.com/insights/news/live-news/article-3-1026773-20250810

[2] Coin - https://coinedition.com/vitalik-buterin-net-worth-billionaire-eth-rally/

[3] CryptoSlate - https://cryptoslate.com/ethereum-rallies-above-4000-following-blistering-50-surge-in-a-month/

[4] Coinspeaker - https://www.coinspeaker.com/spot-ethereum-etf-inflows-shoot-to-461-million/

[5] AMBCrypto - https://ambcrypto.com/vitalik-buterin-says-ethereum-treasury-is-good-but-this-risk-remains/