⚡️ Liquid Restaking Protocol Renzo Airdrops REZ Token, Debuts at $289M Market Cap

🌐 Renzo entered the market with the successful launch of its REZ token, which achieved an initial market capitalization of $289 million.

🛍 The distribution strategy for the 1.15 billion tokens in circulation involves various stakeholders, including the community, investors, and the Renzo team, with safety measures like lock-up periods implemented to prevent quick sell-offs.

🖥 Despite Renzo’s official announcements on Twitter denying the token’s availability on DEXs, transactions totaling around $75 million were reported on Uniswap shortly after its release