RED opened at 0.4 USDT on Binance Pre-Market, reaching the limit for the first day's increase

ChainCatcher news, RedStone (RED) has opened trading on the Binance Pre-Market, currently priced at 0.4 USDT, hitting the first day's price limit.

Previous news, the Binance Pre-Market has introduced a price limit mechanism. The price limit mechanism will restrict the highest trading price in the pre-market for the first 72 hours, with the token price increase not exceeding a certain percentage of the initial opening price. After 72 hours of the pre-market opening, there will be no price limits, and trading will return to normal.

Currently, this mechanism only applies to RED, with the price limit for the first three days set at 200%, 300%, and 400% of the opening price, respectively.