Is Vitalik Buterin The First Casualty of The Crypto Market Crash?

Vitalik Buterin, who recently tweeted about Ethereum and co-founded the cryptocurrency, is no longer a billionaire, which makes him one of the earliest casualties of the crypto market crash. Ever since the coin reached a high price of $4,800 in November 2021, it has dropped by 59 percent. As a result, the billionaire’s assets saw a significant reduction to a value of approximately $1.5 billion. However, in addition to discussing the differences between “open-mindedness” and “passion,” the billionaire expressed his enthusiasm for the blockchain he had helped develop. In May, the value of TerraUSD and LUNA tokens plummeted, wiping $40 billion off the market in just two days. On May 20, TerraUSD, a so-called “stablecoin” whose value is supposedly pegged to the dollar, was worth approximately 6 cents. Ether is the second most popular cryptocurrency according to market capitalization. It is second only to Bitcoin, which has lost nearly half of its value in the past six months. On May 3rd, the price of one Ether coin surpassed $3,300, making Vitalik Buterin, co-creator of the blockchain platform Ethereum, a billionaire. When Ether’s value increased to $4,300 on May 12th, its estimation was worth about $1.4 billion. According to Forbes, the current net worth of Vitalik Buterin after the recent crypto market crash is $850 million. Who Apart From Vitalik Buterin Are The Other Casualties Of The Crypto Crash? After Bitcoin’s value increa...