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Blockchain data shows that the value of the assets held by Ethereum co-founder Vitalik Buterin is down by about $20 million over the last seven days.
According to information available on blockchain data platform Arkham Intelligence, the value of the assets held on publicly-known Buterin’s addresses went from $412 million on Oct. 3 to $392 million as of press time on Oct. 10. This translates to a loss of about $20 million, or 4.85% of the total portfolio value.
While at first $20 million seems like a staggering amount to lose in a week, looking at the percentage loss of under 5% makes it more reasonable — and examining the contents of this portfolio such a loss seems unexpectedly low. Buterin’s portfolio is almost completely comprised of Ethereum, which makes up over $391 million of his assets, with the rest being minor quantities of various tokens.
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Given this information the loss in Buterin’s portfolio is easily explained by Ethereum’s recent price performance. As of press time, CoinMarketCap data shows that $ETH is trading at $1,559 after losing nearly 1% over the last 24 hours and 5.85% over the last seven days.
This kind of commitment by Buterin most likely goes to show his conviction in the future of the ecosystem that he helped create. In a very direct way, his net worth largely depends on how Ethereum fares in the market over the long run — unless he decides to jump ship in what would likely be seen as a major bearish sign.
Read more: Ethereum co-founder Vitalik Buterin calls for privacy and decentralization