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Renzo Restaked ETH (EZETH) has been significantly depegged on Uniswap, and insufficient liquidity may be the main reason

Renzo Restaked ETH (EZETH) has been significantly depegged on Uniswap, and insufficient liquidity may be the main reason

CointimeCointime2024/04/24 03:19
By:Cointime

On April 24th, according to market data, one hour ago, due to insufficient liquidity and large sell-offs, Renzo Restaked ETH (EZETH) briefly fell to $688. As of the time of writing, the EZETH/WETH liquidity pool is only $3.2 million, and EZETH is priced at $1934.36 on the Ethereum mainnet on Uniswap.

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