Coinbase Support Boosts Renzo (REZ) Token Price
- Coinbase announced support for the Ethereum-based liquid staking protocol Renzo (REZ).
- Trading for REZ will start on or after 9AM PT on March 6, 2025, subject to liquidity conditions.
- The price of REZ surged from $0.0170 to a peak of $0.0243 following the announcement.
- As of now, REZ has stabilized at $0.0204, marking a 20.5% daily gain.
- Renzo allows restaking of digital assets like Solana (SOL), Jito (JTO), and EigenLayer (EIGEN).
The announcement by Coinbase led to a significant increase in the price of the Renzo token, which saw a peak rise from $0.0170 to $0.0243 before stabilizing at $0.0204.
Source (2.6)https://dailyhodl.com/2025/03/06/ethereum-eth-based-liquid-restaking-altcoin-leaps-upon-announcement-of-coinbase-support/?rand=59076
