- Vitalik Buterin’s $1.05 million transfer to Railgun highlights growing support.
- Buterin has moved a total of 662 ETH this year.
Ethereum co-founder Vitalik Buterin has recently made headlines by transferring 400 ETH (approximately $1.05 million) to Railgun, a crypto mixer known for its privacy-enhancing features. This significant transaction highlights Buterin’s support for privacy in the cryptocurrency space and underscores Railgun’s growing prominence. Furthermore, Buterin has previously advocated for the crypto mixer Railgun, championing the cause of user privacy. This year alone, he has transferred a total of 662 Ethereum.
The transaction was executed through a secure and privacy-oriented channel, reinforcing Railgun’s reputation as a robust tool for maintaining transaction confidentiality. Vitalik Buterin’s substantial ETH transfer to Railgun underscores his belief in the importance of these privacy measures. The move has been tracked and verified through multiple blockchain explorers, including the one hosted by Arkham Intelligence, which offers a detailed view of Vitalik Buterin’s activity.
In 2020, the Ethereum Foundation allocated funds to privacy-focused projects, demonstrating an ongoing commitment to enhancing blockchain security. Historically, the push for privacy in cryptocurrency has seen notable developments. For instance, the launch of privacy coins like Monero and Zcash set the stage for more recent innovations.
Ethereum Price Weekly Overview
The ETH price has seen notable volatility, with significant dips and peaks throughout the week. After hitting a high of around $2,750, the price corrected itself, dipping to around $2,550 before recovering and stabilizing around $2,620 by the end of the week. The pattern indicates possible resistance at around $2,750 and support at $2,550. The MACD signaled a bullish crossover earlier in the week when the price surged towards $2,750.
As the price declined later in the week, there might have been a bearish crossover, signaling the downward correction. The RSI is currently below the 50 mark, indicating that Ethereum is neither overbought nor oversold. The volume has been relatively stable with no significant spikes, suggesting that there hasn’t been strong buying or selling pressure recently.
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