Ethereum Co-Creator Sparks 350% Surge in ANON Token Price
Vitalik Buterin, the co-founder of Ethereum, caused a massive 350% surge in the price of the ANON token after blockchain data revealed that his wallet had exchanged 0.082 ETH for 30,303 ANON tokens on November 20, 2024. This transaction caught the attention of the crypto community, especially after it was tracked by Arkham Intelligence, which monitors Buterin's vitalik.eth address.
What is Anoncast and the ANON Token?
Anoncast is a decentralized application based on zero-knowledge proofs, allowing users with at least 20,000 ANON tokens to post anonymously on the Farcaster social network. After Buterin’s purchase, ANON experienced a brief dip but still saw a significant 190% increase from its pre-purchase price. The market cap of ANON rose from $36 million to $39.2 million after the transaction.
This was Buterin’s first known investment in a token on Coinbase's Layer 2 network, Base. Anoncast’s official X (formerly Twitter) account cheekily commented on the event, saying, "It must be fun for Vitalik to lose himself in the crowd again."
Origins of ANON
ANON (Super Anon) is the native token of Anoncast, utilizing zero-knowledge proofs, a cryptographic technique that allows verification without revealing underlying data. The project originated from an AI-generated prompt on Farcaster, leading to the creation of an anonymous token on Base, which evolved into a decentralized community with projects like AnonColors and a zk-proof-based publishing system.
Recent Developments and Features
Anoncast recently lowered the requirement for anonymous posting from 20,000 to 15,000 ANON tokens. Additionally, users with 1 million ANON tokens can promote posts on X and delete content. The project has gained momentum thanks to support from Farcaster developers and protocol integrations. Dan Romero, co-founder of Farcaster, called Anoncast a “consumer zk app,” and it was developed by Kartik Patel, formerly of manifold.xyz and OpenSea. The app is designed as an “experimental arena” where human intelligence competes with AI.
#ETHETFsApprov @Contentos-COS #COSSocialFiRevolution $COS
