On-chain data shows that Vitalik #Buterin , co-founder $ETH , executed a swap transaction of 0.082 ETH for 30,303 ANON tokens on Wednesday evening. After this transaction, the value of ANON skyrocketed by 350% before slightly adjusting, but still remained over 190% higher than the previous day.
The transaction was detected through Buterin's vitalik.eth wallet address using Arkham Intelligence's tracking tool. Shortly after, the market capitalization of ANON surpassed 36 million USD. Notably, this is the first time Buterin has invested in a token on Base, the Layer 2 network developed by Coinbase.
The official Twitter of Anoncast — the platform associated with the ANON token — joked, 'Vitalik must be very happy to blend into the crowd once again.'
What is ANON?
Super Anon (ANON) is the native token of Anoncast, an application that uses zero-knowledge proofs technology to allow users to make anonymous posts on the Farcaster platform. Users need to own at least 15,000 ANON to make an anonymous post, a number recently reduced from 20,000.
Origin of ANON:
The original idea came from an AI proposal on Farcaster, aiming to create an anonymous token on the Base network with the ticker symbol ANON. Subsequently, the decentralized community developed this idea, leading to several related projects such as AnonColors (an art project) and a posting system using zero-knowledge proofs.
In addition to basic posting, holders of 1 million ANON can also promote their posts to Twitter or delete content. This development has been greatly driven by the attention of Farcaster developers and integrated support from protocol developers.
Token performance and personnel vision - AI
Dan Romero, co-founder of Farcaster, called Anoncast a zero-knowledge proof application for mainstream users, with the lead developer being Kartik Patel, who previously held the position of Head of Engineering at manifold.xyz and Head of Protocol at OpenSea. Anoncast's Twitter describes it as a 'testing arena' where 'the collective intelligence of humans competes with AI agents.'
Data from DEXScreener shows that after Buterin's trade, the trading volume of ANON increased from 105,000 USD to 5.6 million USD in just one hour. The token price also surged from 0.009 USD to 0.05 USD, noting an increase of about 455%.
Buterin's participation in the market not only increased interest in ANON but also highlighted the potential of zero-knowledge applications in combining privacy, blockchain technology, and AI.
