#RED
The Real Reason
$RED’s pre-market listing has left many traders puzzled—why aren't limit orders being filled? Let’s break it down.
What’s Happening?
$RED was distributed via a Launchpool Airdrop, where users locked BNB, FDUSD, and USDC to receive tokens (max 5,000 $RED per user).
After farming ended, pre-market listing began on Feb 28, 10:00 (UTC), allowing traders to place limit orders—but no immediate buys.
Why Can’t You Buy?
Binance caps price movement to 200% of the opening price ($0.2) on Day 1, increasing to 300% on Day 2 and 400% on Day 3 to control volatility.
No instant buys—only limit orders that act as a "price vote" for the market.
No money flow yet—actual trading starts after this 3-day period ends when 280M RED enters circulation.
What’s Next?
Your limit order will only be filled if the price reaches your set amount when normal trading begins.