Many people are talking about $RED who cannot sell or buy. I thought this was a Brazilian problem, but I saw several international posts too.. People simply do not read! They buy on FOMO without knowing what it is about. If they had read the data provided by Binance itself, they would know that there will be limits on transactions in the coming hours and days.
I saw a post from a woman laughing at others saying she already bought RED yesterday and for a much cheaper price, and in the image, a photo of a chart on DEXScreener! People make an effort to fall into scams.
Nowadays, anyone can easily create their own token in less than 1 minute for free. When Binance says it will list a cryptocurrency, the first thing they do is create coins with the same name, a honey pot to catch inexperienced greedy people. Then the person goes and searches for the name outside of Binance (which is already wrong, as Binance itself says it is its own unique listing).
In summary: people love to fall for scams.
It would just take a simple 3-minute read of the project to know how it works.
Oh, and of course: NEVER BUY ON LAUNCH LIKE THIS. Wait for the bloodbath to pass, and for the coin to stabilize if you want to buy. Because there is a serious risk of getting stuck at the top.
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