The significant increase in the value of ANON tokens, which surged by 350% before stabilizing at a 190% rise, has garnered substantial attention within the digital currency community.
This sudden upsurge came following an on-chain transaction that disclosed Ethereum [ETH] co-founder Vitalik Buterin exchanging 0.082 ETH for 30,303 ANON tokens on the 20th of November.
This particular transaction not only generated excitement surrounding Anoncast, a zero-knowledge application enabling users to publish anonymous content on Farcaster but also ignited a growing enthusiasm for decentralized, privacy-centric solutions.
Notably, Buterin’s participation in the ANON token trade has emphasized the increasing desire for decentralized anonymity services.
Tracked via his vitalik.eth address on Arkham Intelligence, the exchange led to a sharp growth in ANON’s market capitalization, exceeding $36 million shortly after the transaction.
The Significance of Base Crypto and Jesse Pollak
This event also signifies Buterin’s inaugural public investment in a token on Base, the Layer 2 network nurtured by Coinbase.
In response to this, the anoncast X account remarked,
“It must be so thrilling for Vitalik to blend into a crowd once more.”
In addition to Buterin, Coinbase executive Jesse Pollak has also demonstrated a strong backing for ANON, procuring 31,529 ANON tokens with an investment of 0.333 ETH.
This dual endorsement from key individuals in the cryptocurrency sector has intensified the visibility of ANON, generating broad interest in its potential to transform private, autonomous transactions.
Exploring ANON in Detail
Super Anon (ANON), the native token of Anoncast, enables users to post anonymously on Farcaster, requiring a minimum holding of 15,000 tokens.
The platform utilizes zero-knowledge proofs, a cryptographic method ensuring data validation without revealing confidential details.
Subsequent to Buterin’s transaction, the token observed a notable increase in trading volume, surging from 105,000 to 5.6 million within an hour.
Currently, ANON is trading at $0.05 per token, a substantial rise from its previous value of $0.009—reflecting an impressive 455% surge as reported by DEXScreener.