RED opened at 0.4 USDT on Binance Pre-Market, hitting the daily price limit on the first day

Odaily Planet Daily News RedStone (RED) has been opened for trading in the Binance Pre-Market, currently quoted at 0.4 USDT, up 100%, hitting the daily limit on the first day. Earlier news, Binance Pre-Market launched a daily limit mechanism. The daily limit mechanism will limit the highest trading price in the first 72 hours of the pre-market, and the token price increase must not exceed a certain percentage of the initial opening price. After 72 hours of the pre-market opening, there will be no price limit and trading will return to normal. Currently, this mechanism only applies to RED, and the daily limit limits for the first three days are 200%, 300%, and 400% of the opening price respectively.