Vitalik Buterin, one of Ethereum‘s co-founders, recently transferred 100 ETH, equivalent to around $330,000, into Railgun – a decentralized finance (DeFi) platform recognized for its privacy capabilities. This transaction was brought to light by the blockchain surveillance tool Scopescan on April 15th.
Vitalik recently sent 100 Ether (approximately $330,000) to the address of Railgun (@RAILGUN_Project), a confidential decentralized finance project.
— Scopescan (@0xScopescan) April 15, 2024
Buterin used his widely recognized Ethereum Name Service (ENS) labeled wallet, vitalik.eth, to complete the transaction, signaling another recent involvement with the protocol.
Market Reaction to Buterin’s Deposit
After Vitalik Buterin made his deposit, the crypto world noticed some significant financial repercussions right away. The value of Railgun’s native token, RAIL, skyrocketed by more than 120%. This price jump is a common occurrence when influential figures like Buterin get involved. Buterin’s ongoing engagement with Ethereum-related projects continues to shape their worth and pique investor curiosity directly.
In addition, in reaction to the debates triggered by his recent financial move, Buterin expressed, “Privacy is standard,” underlining the significance of confidential, untraceable transactions while maintaining safety. This investment underscores the continuous fascination and progression within DeFi projects providing such functionalities.
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2024-04-15 21:08