1H
-0.25%$0.0020
24H
1.14%$0.0088
7D
-0.01%$0.0001
30D
23.9%$0.1508
As per the on-chain indicators, Ethereum co-founder Vitalik Buterin has moved a total of 400 Ethereum (ETH), worth a staggering $1.05 million to crypto mixer Railgun earlier today.
While other crypto mixers have been shutting down amid regulatory pressures, Railgun has seen increased adoption and support.
Railgun researchers said that US regulators and prosecutors haven’t unleashed a crusade against crypto privacy protocols and were largely positive and genuinely interested in understanding developments in the broader crypto market.
In the span of a few hours, RAIL’s price skyrocketed from $0.54 to $1.98, representing a huge increase of over 250%.
Railgun is a smart contract system providing privacy to cryptocurrency and DeFi users via zero-knowledge proof (ZK-SNARK) technology.
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