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

• Vitalik Buterin’s funding in ANON boosts the privateness token, rising its market capitalization to $36 million.
• Coinbase’s Jesse Pollak additionally backs ANON, indicating sturdy assist for privacy-focused crypto.

The latest rise within the value of ANON tokens, which skyrocketed by 350% earlier than stabilizing at a 190% enhance, has attracted loads of consideration within the cryptocurrency world.

This spike adopted an onchain transaction that confirmed Ethereum [ETH] co-founder Vitalik Buterin exchanged 0.082 ETH for 30,303 ANON tokens on November 20.

Supply: PeckShieldAlert/X

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

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

The commerce, tracked by way of his vitalik.eth speak on Arkham Intelligence, resulted in a pointy enhance in ANON’s market capitalization, which reached over $36 million shortly after the transaction.

The function 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.

Making the identical touch upon this, the anoncast X account mentioned:

“It have to be so good for Vitalik to get misplaced within the crowd once more”

Along with Buterin, Coinbase director Jesse Pollak has additionally proven sturdy assist for ANON, buying 31,529 ANON tokens with an funding of 0.333 ETH.

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

The whole lot about ANO

For context, Tremendous Anon (ANON), Anoncast’s native token, permits customers to publish nameless messages on Farcaster, offered they personal no less than 15,000 tokens.

Supply: Yash/X

The platform makes use of zero-knowledge proofs, a cryptographic approach that ensures knowledge verification with out exposing underlying particulars.

Following Buterin’s transaction, the token noticed a dramatic enhance in buying and selling quantity, which skyrocketed 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 major bounce from its earlier value of $0.009, marking a powerful 455% enhance based on DEXScreener.