A new move came from Ethereum (ETH) co-founder Vitalik Buterin, who positively affected the market and the price of the relevant altcoin with his shares and statements.
Finally, Vitalik Buterin, who supported the altcoin named Railgun (RAIL), enabled an unprecedented increase of up to 240% in the price of RAIL.
At this point, Buterin supported RAIL with his post from his X account, while also praising its innovative privacy pools protocol.
Prior to this post, Arkham revealed that Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun today, while Chinese journalist Wu Blockchain reported that for the past six months, Vitalik Buterin had been using a small amount of ETH almost every month. He stated that he interacted with Railgun.
Quoting this post from Wu blockchain, Vitalik Buterin said the following about Railgun:
“Privacy is normal.
Railgun uses the privacy pools protocol, which makes it much more difficult for bad actors to join the pool without compromising users' privacy.”
What is Railgun?
Railgun is an EVM privacy protocol that enables DeFi private transactions. Using Railgun allows your wallet addresses to be removed from your actions and transactions on blockchains where your information was previously publicly available for anyone to see.
RAIL, which increased by up to 240% after Vitalik Buterin's post, continues to be traded at $ 1.66 with an increase of 191% at the time of writing.
*This is not investment advice.