Source: Coindesk.com
Renzo restaked ETH (ezETH) crashed as low as $750 early Wednesday, trading at a massive discount to wrapped ether (WETH). The sell-off was likely catalyzed by users looking to reclaim their ETH in low liquidity conditions and large liquidations of ezETH-collateralized positions.
Renzo restaked ETH (ezETH), the liquid restaking token representing
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Source: Coindesk.com