Vitalik Buterin invests in THIS token on Base crypto, triggers a 350% surge

• Vitalik Buterin’s funding in ANON fuels privateness token surge, boosting market cap to $36M.
• Coinbase’s Jesse Pollak additionally backs ANON, signaling sturdy help for privacy-focused crypto.

The latest surge within the value of ANON tokens, which skyrocketed by 350% earlier than stabilizing at a 190% improve, has captured vital consideration within the cryptocurrency world.

This spike adopted an onchain transaction revealing that Ethereum [ETH] co-founder Vitalik Buterin swapped 0.082 ETH for 30,303 ANON tokens on twentieth November.

Supply: PeckShieldAlert/X

The transaction not solely fueled pleasure round Anoncast, a zero-knowledge app that enables customers to make nameless posts on Farcaster, but additionally sparked rising curiosity within the potential of decentralized privacy-focused options.

That being stated, Buterin’s involvement within the ANON token transaction has highlighted the rising demand for decentralized anonymity options.

Tracked by way of his vitalik.eth tackle on Arkham Intelligence, the swap resulted in a pointy improve in ANON’s market capitalization, reaching over $36 million shortly after the transaction.

The position of Base crypto and Jesse Pollak

This transfer additionally marks Buterin’s first public funding in a token on Base, the Layer 2 community incubated by Coinbase.

Remarking on the identical, the anoncast X account stated,

“It have to be so enjoyable for Vitalik to get misplaced in a crowd once more”

Alongside Buterin, Coinbase government Jesse Pollak has additionally proven sturdy help for ANON, buying 31,529 ANON tokens with an funding of 0.333 ETH.

This twin endorsement from main figures within the crypto house has amplified ANON’s visibility, sparking widespread curiosity in its potential to revolutionize personal, self-sovereign transactions.

All about ANON

For context, Tremendous Anon (ANON), the native token of Anoncast, provides customers the power to make nameless posts on Farcaster, offered they maintain a minimal of 15,000 tokens.

Supply: Yash/X

The platform leverages zero-knowledge proofs, a cryptographic method that ensures information verification with out exposing any underlying particulars.

Following Buterin’s transaction, the token noticed a dramatic surge in buying and selling quantity, skyrocketing from 105,000 to five.6 million inside an hour.

On the time of writing, ANON was buying and selling at $0.05 per token, a big leap from its earlier value of $0.009—marking a formidable 455% improve as per DEXScreener.