Updated: April 15, 2024, 10:35 AM EDT
Railgun recorded triple-digit digital percentage gains after Vitalik Buterin’s X.com post cited privacy benefits.
The token has since risen more than 123%. Ethereum ETH
+5.74%
“Privacy is normal. Railgun uses a privacy-preserving pool protocol. This makes it much more difficult for malicious actors to join the pool without compromising user privacy,” Buterin. Posted At X.com.
Buterin and Railgun’s engagement
According to Arkham Intelligence, Buterin appears to have backed up his words with action, including delivering a significant amount of Ether to Railgun on Monday. Data shows that his Vitalik.eth address transferred 100 ETH, equivalent to approximately $325,000, at 09:42 UTC.
According to on-chain data from Arkham Intelligence, over the past six months Buterin has been interacting with Railgun using small amounts of ether almost every month.
The rise in token prices comes as the overall cryptocurrency market capitalization has more than tripled.% According to CoinGecko, it has now reached $2.53 trillion in the last 24 hours. In the past 24 hours, Bitcoin is said to have risen by 2.56% and Ethereum has risen by more than 5%. Block’s pricing page. The GM 30 Index, which represents the top 30 cryptocurrencies, rose 4.5% over the same period to 133.51.
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