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$REZ bouncing off the floor and the restaking narrative is waking up ๐
๐ The numbers:
๐ต Price around $0.0025, sitting roughly 16 to 20% above its all-time low from July
๐งฎ Market cap only ~$21M, ranked near #568, this is a deep lowcap
๐ Down ~99% from the $0.264 ATH (April 2024), fully bombed out and basing
๐ Supply is ~87% circulating (8.7B of 10B), so most of the unlock overhang is already behind it
๐ฅ Buyback proposal on the table: routing protocol revenue to buy back and burn REZ, a real supply-side tailwind if it sustains
๐ The thesis is clean: REZ is a liquid restaking token on EigenLayer, pure ETH ecosystem beta ๐ง ETH leads ๐ then the restaking and LST names follow (LDO, ETHFI, EIGEN, REZ). On a $21M cap the Vol / MCap ratio means small flow moves it hard. Wave 1 done, Wave 2 loading. Nobody is talking about it right now, and quiet base = accumulation. Slowly but surely ๐
โ Deep-value restaking laggard, or dead protocol? Where do you stand on REZ? ๐
#REZ #Renzo #Restaking #EigenLayer #Ethereum #Altcoins
๐ Sharing personal opinions only
not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion.