ezETH's Plunge and Recovery: A Glimpse into Staking Dynamics

IconCrypto News Terminal24 Apr, 2024

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ezETH's Plunge and Recovery: A Glimpse into Staking Dynamics

According to CoinGecko, the price of the leveraged staked ETH (ezETH) briefly plunged as low as around $2,728 on [date of article]. It has since recovered to around $3,200. ezETH is a liquid restaking token that can be received when locking up ETH or LST (liquidity staking token). This recent price fluctuation highlights the dynamic nature of the staking market. Previously on [date], "According to CoinGecko, the price of the leveraged staked ETH (ezETH) briefly plunged as low as around $2,728. It has since recovered to around $3,200. ezETH is a liquid restaking token that can be received when locking up ETH or LST(liquidity staking token)."

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