RedStone (RED) is currently priced at $0.8 in the Binance pre-market and will have its price limit lifted tomorrow
ChainCatcher news, RedStone (RED) is currently priced at $0.8 in the Binance pre-market, triggering an upward circuit breaker mechanism, which is 400% of the initial opening price of $0.2, and the pre-market price limit will be lifted after 18:00 (UTC+8) on March 3.
ChainCatcher previously reported that the Binance pre-market has launched an upward circuit breaker mechanism. The circuit breaker mechanism means that within 72 hours before the market opens, the highest trading price cannot exceed a certain percentage of the opening price. After 72 hours, there will be no restrictions on the trading price, and normal trading will resume. Taking RED as an example, the maximum holding limit for each user before listing is: 5,000 RED. The upward circuit breaker rules are:
- 2025-02-28 18:00 (UTC+8) - 2025-03-01 17:59 (UTC+8): The maximum allowable price limit is 200% of the initial opening price;
- 2025-03-01 18:00 (UTC+8) - 2025-03-02 17:59 (UTC+8): The maximum allowable price limit is 300% of the initial opening price;
- 2025-03-02 18:00 (UTC+8) - 2025-03-03 17:59 (UTC+8): The maximum allowable price limit is 400% of the initial opening price;
After 2025-03-03 18:00 (UTC+8): No price limits in the pre-trading market.
It is worth noting that this price limit mechanism is only being tested during the issuance of the RED token, and it is currently uncertain whether this feature will become a long-term feature of the future pre-market.
