On November 20 IOTA made an announcement introducing the release of IOTA Mixer version 1 application. Initially plans to launch IOTA Mixer were mentioned in the report "Research on Private Transactions in IOTA" which was released on October 22, stating that its aim is to improve the anonymity and fungibility of IOTA and form the foundation of trustless solutions in the future.
— IOTA (@iotatoken) 19 November 2017
As it is stated in the announcement, token mixing is useful as it can add a level of uncertainty in the ledger breaking the links of ownership between transactions, which was previously impossible. IOTAs sent into the IOTA mixer will come out with no taint to the original payment address on the Tangle, and the funds will be divided between multiple addresses at random intervals.
The mixer represents an example of a fast full-stack IOTA application, which amongst other features manages its own wallet and reattaches to the Tangle automatically.
Cyber Analyst, IOTA
The first version of IOTA Mixer is currently running on the testnet and here the instruction of how to use it is published. Basically, IOTA Mixer is a tool that can be used to send the coins and get coins back from many different sources that are not traceable anymore.
At the time of press, IOTA coin is traded at the price of $0,94 with market capitalisation of $2,6 billion which is 20% higher than it was only two days ago, when it had the price of $0,75 with market capitalisation of $2 billion on November 18. The price of IOTA rose by 8,5% within past 24 hours and by 55% within past 7 days. It is worth mentioning that in the beginning of November, IOTA was also showing an unexpected price growth, which was connected with the release of platform updates and the cancellation of SegWit2x hardfork.