A recent post by Ethereum's founder, Vitalik Buterin, expressing support for the Ethereum Name Service (ENS) token has sparked a rally in its price.

Buterin publicly called for the ENS token to be available on all layer two networks.

His endorsement caused a sudden surge in the value of the ENS token, which increased by over 50% on January 3rd.

The sharp rise in the token's value demonstrates the significant sway that influencers like Buterin have over the crypto market.