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Ethereum Wallet Nets Over 120 ETH Profit in 2hrs Amid ezETH Depegging Event

Published 04/24/2024, 07:01 PM
Updated 04/24/2024, 07:15 PM
© Reuters Ethereum Wallet Nets Over 120 ETH Profit in 2hrs Amid ezETH Depegging Event

  • czsamsunsb.eth gained 121.65 ETH in 2hrs from the $ezETH depeg event.
  • ezETH faces a bearish trend and is likely to breach support levels soon.
  • Renzo Restaked ETH’s technical indicators signal strong selling pressure.

In a financial manoeuvre, an Ethereum wallet address, czsamsunsb.eth, netted a profit of 121.65 ETH in just two hours. According to the report, the gain followed the depegging event of ezETH (Renzo Restaked ETH), a situation where the token’s value dropped from its pegged price.

“czsamsunsb.eth made 121.65 $ETH in just 2 hours after $ezETH(Renzo Restaked ETH) depegged!”

This event unfolded as the wallet holder invested 4,099 ETH to purchase 4,221 ezETH, subsequently turning an impressive profit of 121.65 ETH in a short time span.

Since then, the Renzo Restaked RTH market has been on a bearish trend. As of press time, the ezETH token is exchanging han…

The post Ethereum Wallet Nets Over 120 ETH Profit in 2hrs Amid ezETH Depegging Event appeared first on Coin Edition.

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