Behold, the REZ crypto, in its glorious ascent, surged by a staggering38% today, as if fueled by the anticipation of its grand debut on South Korea’s Bithumb exchange. ๐ข
According to the sacred scriptures of crypto.news, Renzo (REZ) touched the heavens at $0.022 on April1, swelling its market cap to an almost celestial $43 million. Amidst this rally, a curious dip of17% in its daily trading volume to around $114 million was observed, hinting at the cooling fervor of traders after the initial frenzy. ๐โ๏ธ
This dramatic pump unfurled its wings shortly after Bithumbโs solemn announcement of REZ’s listing on its Korean Won market. The gates to trading are set to swing open at4:00 PM KST on Tuesday, April1,2025. ๐ช
Deposits and withdrawals, bound by the chains of the Ethereum network, shall open approximately two hours post the declaration. REZ shall make its entrance at a humble price of24.73 KRW (roughly $0.016), demanding33 confirmations before deposits are sanctified. ๐
Bithumb, in its wisdom, will impose temporary measures. For the initial five minutes post-launch, no buy orders shall be entertained. Sell orders must dance within a -10% to +100% range from the base price. The automatons of trading shall awaken only after the first trade is consummated. ๐ซ๐ฐ
In the grand tradition of listings, one must observe the dance of prices with hawk-like vigilance. Coins often pirouette to dizzying heights before a listing, only to plummet back to earth post-launch. A spectacle, indeed. ๐บ๐ฅ
As the scribes at crypto.news once chronicled, Elixir (ELX) soared nearly68% to an all-time zenith of $0.726 before its Bithumb listing on March11, only to shed most of its glory the very next day. A cautionary tale, perhaps. ๐๐
Yet, some seers predict further glory for REZ. Michaรซl van de Poppe, in a March31 X post, heralded REZ’s mighty bounce and its robust momentum. Should the current trend persist and conquer the $0.027 resistance, he prophesizes a rally to $0.07 in the weeks to come. ๐โจ
Crypto_Jobs, another soothsayer, spots a crucible of support around $0.0165. As long as REZ clings to this, the omens remain favorable. ๐ก๏ธ๐ฎ
REZ, the native token of the Renzo Protocol, stands as a beacon for liquid restaking on Ethereum, serving as a bridge to EigenLayer, offering users the gift of flexibility and composability in their restaking endeavors. Last August, it expanded its liquid restaking solution to the Jito ecosystem on Solana, like a digital explorer charting new territories. ๐๐
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2025-04-01 09:48