Recently, the crypto market fluctuations have seen most cryptocurrencies exhibit red numbers. While many remain unfazed by the market dynamics, some sectors of the crypto community have turned more pessimistic, and their bags are seemingly going down instead of up.
Despite this, some projects have shown a remarkable performance this week. Among the top gainers today, privacy protocol Railgun has skyrocketed 53% in the last 24 hours after a week of support from crucial figures in the crypto industry.
Vitalik Buterin Shows Support To Privacy Tools
On Monday, news broke that Ethereum’s founder Vitalik Buterin had transferred 100 ETH, worth around $325,000, to Railgun. The project is an Ethereum Virtual Machine (EVM) privacy protocol that allows DeFi private transactions.
Although the move raised criticism, most replies supported his use of privacy tools. Some users pointed out that Buterin’s every on-chain move is watched and speculated on.
Ethereum’s founder later addr
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