Ethereum co-founder Vitalik Buterin's wallet address initiated a transaction earlier today (21st), quickly attracting community attention, with many speculating that he might be interested in the technology of the anonymous community platform Anoncast, which stimulated the price of ANON to soar over 600%.
Arkham tracking data shows that around 9:15 AM this morning, 'V God' address vitalik.eth earlier used 0.082 Ether (about $249.63) to exchange for 30,303 ANON tokens.
Shortly thereafter, analysis pointed out that Vitalik Buterin might have been attracted by Anoncast's zero-knowledge (ZK) technology and wanted to post on the platform, as posting requires holding at least 30,000 ANON, which is why he purchased these tokens.
CoinGecko market data shows that since Vitalik Buterin bought ANON tokens, the price of the token has risen from $0.007918 to $0.05543 at the time of writing, an increase of over 600%.
According to reports, ANON is an anonymous social token that combines ZK proof technology, created by anonymous users interacting with the AI Agent account @clanker in the Farcaster ecosystem through Superanon accounts. Users need to hold a specific amount of ANON tokens to use related features, such as anonymous posting, community promotion, etc.
However, shortly after Vitalik Buterin purchased ANON tokens, Anoncast developer Slokh announced on Warpcast that 'the posting threshold has been lowered by 50%', from the original 30,000 ANON to 15,000 ANON.
"Vitalik Buterin address buys 30,000 ANON tokens, stimulating the price to soar over 600%" this article was first published on (Blockke).