Vitalik Buterin's recent purchase of 30,303 ANON tokens for 0.082 ETH led to a significant surge in the token's value, rising 350% shortly after the transaction. After settling slightly, ANON is still trading 190% higher than its previous levels, reflecting a market capitalization increase to over $36 million. ANON serves as the native token for Anoncast, a platform that enables users to post anonymously when holding a certain amount of tokens. Initially requiring 20,000 ANON for anonymous posting, this threshold was lowered to 15,000 shortly after the market movement. The app utilizes zero-knowledge proofs for anonymity, emerging from an AI prompt on the Farcaster platform. Following Buterin's involvement, trading volume spiked dramatically, showcasing the impact of influential figures in the cryptocurrency market. This investment marks Buterin's first foray into a token on the Coinbase-incubated Layer 2 network, further emphasizing the ongoing integration of decentralized applications and user privacy.

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