Vitalik Buterin’s portfolios fell by $20m within a week

Blockchain data indicates that the value of assets owned in the hands of Ethereum Co-founder Vitalik Buterin is down by approximately $20 million in the past seven days.

According to data available on the blockchain information platform Arkham Intelligence, the value of assets stored in publicly-publicized Buterin’s accounts increased up from $412million on October. 3. The value increased to $392million at press time on October. 10. This is the loss of around $20 million or 4.85 percent of the total portfolio value.

While initially, $20 million may seem like an enormous amount of money to lose in a week, a loss percentage of less than 5percent makes it seem more reasonable. And when you look at the details of the portfolio, the loss appears to be quite small. However, the portfolio of Mr. Ingram is almost entirely composed of Ethereum that comprises more than three hundred million in his wealth and the remainder are minor amounts of other tokens.

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Based on this data, the decline in Buterin’s portfolio can be explained by the current price performance of Ethereum. At press time, CoinMarketCap data shows that ETH is trading at $1,559 despite losing around 1% over the past 24 hours, and 5.85 percent in the last seven days.

This kind of dedication by Buterin will likely demonstrate his belief that he will continue to invest in the system he helped build. In a straightforward way his net worth is contingent on the way Ethereum is performing in the the long-term -unless he chooses to leave the platform which could be seen as a huge negative sign.

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