RedStone (RED) was listed on Binance's pre-market on February 28, 2025, with an initial opening price of $0.40.
Binance
To manage volatility, Binance implemented a price cap mechanism for the first 72 hours, limiting the maximum trading price as follows:
First 24 hours (Feb 28, 6:00 PM to Mar 1, 5:59 PM GMT+8): Price capped at 200% of the opening price.
Second 24 hours (Mar 1, 6:00 PM to Mar 2, 5:59 PM GMT+8): Price capped at 300% of the opening price.
Third 24 hours (Mar 2, 6:00 PM to Mar 3, 5:59 PM GMT+8): Price capped at 400% of the opening price.
This means that during the first day, RED's price could rise up to $1.20 (a 200% increase from $0.40). On the second day, the cap was set at $1.60 (300% of $0.40), and on the third day, it reached $2.00 (400% of $0.40). After March 3, 2025, 6:00 PM GMT+8, these price caps were lifted, allowing the market to determine the price freely.
of March 1, 2025, RED's price is capped at $1.20
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