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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.

"Trends and Rhythm of the New Web3 Cycle" Roundtable Discussion: Memes Have a Longer Lifespan Than Most Narratives

ChainCatcher news, during the "Trends and Rhythms of the New Web3 Cycle" event held at Consensus HK, Kyle, partner of cooking.city & co-founder of EVG, 0xbing, investor at Paper Venture, crypto KOL YuYue, Vand Ni, founder of Asian on Chain, and Leo Li, Web3 product manager at OKX, held a roundtable discussion on the theme of "The Advanced Path of Meme and P Players."Regarding the trading skills that meme players are most concerned about, YuYue stated that, in addition to establishing their own methodology, it is fundamentally necessary to invest enough time and effort to potentially enter at lower price points. Vand Ni shared a similar view, noting that when only a few memes can emerge from a large volume of meme trading, players need time to cultivate their sensitivity and iterative skills. Leo Li believes it is necessary to reduce trading frequency, as high-frequency PVP poses too great a challenge for many ordinary players.On the impact of celebrities like Trump issuing coins on the meme market, Kyle believes it accelerates the attention of the outside market towards memes. As a primary investor, 0xbing feels that figures like Trump attract significant market attention, which has impacted primary investments to some extent. YuYue believes that the continued popularity of memes forces the market to rethink its valuation system, suggesting that memes may have a longer lifespan than most narratives.
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