Ethereum

Launchpool

DeFi

Renzo

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/how-will-renzo-navigate-its-recent-challenges/" data-wpel-link="internal">How Will Renzo Navigate Its Recent Challenges?</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/bu-defi-projesinden-kotu-haber-ilk-10-siralamasinda-konumunu-kaybetti" data-wpel-link="internal">DeFi</a> world’s notable <a href="https://en.coin-turk.com/memecoin-mania-profoundly-benefits-ethereum-eth/" data-wpel-link="internal">Ethereum</a> liquid restaking protocol Renzo made headlines yesterday with an exciting development. Yesterday, the anticipated moment arrived, and Renzo’s <strong>REZ</strong> token was showcased on <a href="https://en.coin-turk.com/binance-and-ceo-changpeng-zhao-plan-to-request-dismissal-of-cftc-lawsuit/" data-wpel-link="internal">Binance</a>. However, it seems the listing occurred at an inopportune time. Following the listing, a 35% drop in the token’s value drew market attention.</p> 
<h2 style="text-align: justify" id="details-of-the-rez-airdrop">Details of the REZ Airdrop</h2> 
<p style="text-align: justify">The listing of REZ on Binance Launchpool and the opening of airdrop claims finally happened, awaited by many. However, this significant step was followed by a price drop, causing concern among some investors.</p> 
<p style="text-align: justify">The airdrop involved distributing REZ tokens, which make up 7% of Renzo’s total supply, to over 103,500 users who collected at least 360 ezPoints. Users were given 30 days to claim their tokens. However, unclaimed tokens will be added to Season 2 airdrop. The Season 2 campaign has started, and 5% of REZ will be distributed to participants.</p> 
<p style="text-align: justify"><a href="https://coin-turk.com/ethereum-fiyati-nereye-gidiyor-yatirimcilar-uzun-zaman-sonra-ilk-kez-neden-mutlu-eth-icin-son-durum" data-wpel-link="internal">Altcoin</a> Renzo announced that only 50% of the airdrop values would be immediately accessible, with the remaining portion available over a three-month vesting period. This step is seen as an incentive for the platform’s long-term loyal users and also as a system to maintain the REZ price.</p> 
<h2 style="text-align: justify" id="50-drop-in-rez-price">50% Drop in REZ Price</h2> 
<p style="text-align: justify">However, after REZ started trading on Binance and other cryptocurrency exchanges, the token experienced a significant drop in value. Starting at $0.2638, the price fell to $0.1372. However, according to data, a small percentage of the losses were recovered, stabilizing around $0.1441.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-346593 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/rez-usdt-coin-turk-com-.png" alt="" width="1815" height="798"></p> 
<p style="text-align: justify">Meanwhile, Renzo’s recent ETH outflow shows the platform facing a significant challenge. However, according to DeFiLlama’s data, Renzo has overcome this negative event as its total value remains over $3 billion.</p> 
<p style="text-align: justify">It is eagerly awaited how Renzo will navigate this challenging period. The REZ price was at $0.1462 at the time of writing. The recovery of the price and its potential rise to higher levels will likely depend on the movements in the cryptocurrency world, particularly <a href="https://en.coin-turk.com/bitcoins-stability-leads-to-uncertainty-and-liquidity-issues/" data-wpel-link="internal">Bitcoin</a>. If the flagship cryptocurrency, Bitcoin, recovers and moves back towards the $70,000 level, a rapid recovery process could also be expected in altcoins.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/how-will-renzo-navigate-its-recent-challenges/" data-wpel-link="internal">How Will Renzo Navigate Its Recent Challenges?</a></h5>

How Will Renzo Navigate Its Recent Challenges?

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