RamzanHussain2
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Bearish
All Coin Market Is Down But Binance’s premarket sale of the €Red token turned out to be a major letdown for early buyers. Many users who attempted to purchase the token at €0.40, €0.60, or even €0.80 faced repeated transaction failures. By the time trading officially opened, the price had already surged, leaving these buyers empty-handed.
The core issue was that once the price unlocked, it was significantly higher than expected. With limited liquidity at the lower price levels, preorders failed to execute, defeating the purpose of early access. Instead of offering an advantage, the premarket sale left traders frustrated as they missed out on the intended lower prices.
Had Binance launched €Red directly on the spot market, more traders could have accessed it fairly without these complications. The wait for premarket trading ultimately proved futile, highlighting how such offerings—while appealing in theory—can sometimes fall short in practice. Hopefully, Binance takes these lessons into account for future token launches.
$RED $BTC $ETH
The core issue was that once the price unlocked, it was significantly higher than expected. With limited liquidity at the lower price levels, preorders failed to execute, defeating the purpose of early access. Instead of offering an advantage, the premarket sale left traders frustrated as they missed out on the intended lower prices.
Had Binance launched €Red directly on the spot market, more traders could have accessed it fairly without these complications. The wait for premarket trading ultimately proved futile, highlighting how such offerings—while appealing in theory—can sometimes fall short in practice. Hopefully, Binance takes these lessons into account for future token launches.
$RED $BTC $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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