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Home»ADOPTION NEWS»With the support of Vitalik Buterin, the price of railguns soared by more than 123%.
ADOPTION NEWS

With the support of Vitalik Buterin, the price of railguns soared by more than 123%.

By Crypto FlexsApril 15, 20243 Mins Read
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With the support of Vitalik Buterin, the price of railguns soared by more than 123%.
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Market • April 15, 2024, 10:21 AM EDT

Posted 1 minute ago In ~

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%
Co-founder’s comment. Railgun, which uses the ticker RAIL, now trades at $1.38. 10 a.m. ET, according to CoinGecko data.

“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.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Brian McGleenon is a UK markets reporter for The Block. He has worked as a financial journalist and producer for several news outlets such as Fuji Television, The Independent, Yahoo Finance, The Evening Standard and The Daily Express over the years. Brian is also a screenwriter and producer with one feature film and one in development at Northern Ireland Screen. In addition to web3 and cryptocurrency development, he is also interested in geopolitics, environmental issues, artificial intelligence, and longevity studies. Contact us via email (email protected).

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