Railgun Token Surges After Vitalik Buterin’s meaningful ETH Transfer
On June 4, 2025, the Railgun (RAIL) token experienced a significant price hike, soaring over 10%. This surge came after Ethereum co-founder Vitalik Buterin transferred $1.83 million worth of Ethereum tokens to the Railgun Protocol.
The price of RAIL jumped from $0.78 to $0.89, marking a double-digit increase. Trading volume also spiked by 36%, reaching over $432k.This bullish movement attempts to reverse the recent downtrend, which saw Railgun trading lower since May 29.
Buterin’s transaction, valued at around $1.83 million, attracted considerable market attention. Additionally, he transferred $341k in USDC to the privacy protocol. While there’s no official statement on the reason behind these transfers, Buterin has previously supported Railgun. In August 2024, he sent over $1.05 million in ETH to the protocol, followed by another $505k in March 2025.
Buterin has praised Railgun’s privacy solution,noting its role in preventing a hacker from laundering stolen zkLend funds. Railgun’s growing use in decentralized finance aligns with the industry’s emphasis on privacy. This focus on privacy has intensified following events like the crypto mixer Tornado Cash controversy.
Despite the recent price dip, Railgun traded above $1 in May. However,it’s still far from its all-time high of $8.37, reached in November 2021. Railgun’s future remains closely tied to the broader crypto industry’s stance on privacy.
