I answer your question based on what I understood and all the research I did.
1. Will all the coins be sold to those waiting at 0.4 or just a part?
The total supply of $RED is 1 billion tokens, and of those, 40 million were allocated for rewards on Binance Launchpool. When the coin hits the market, not necessarily all tokens will be sold at the price of 0.4. It will all depend on supply and demand at that moment. If there are more people wanting to buy than to sell, the price could rise quickly.
2. It is said that it will be at 0.6, does that mean it will rise to that point or enter the market at that price?
That price of 0.6 USD is more of a reference than a guarantee. Upon entering the market, the price will move according to supply and demand. It could start lower, higher, or fluctuate greatly in the first few minutes. The important thing is to see how buyers and sellers react once the coin is available.
3. If there are already 38 million tokens in play, does that mean there is high demand and the price will rise?
In theory, yes. If there are many people interested in buying, it is likely that the price will rise because there will be more demand than supply. But it is not a fixed rule, as other factors such as news, investment strategies, and how the market behaves in general also play a role. One must be attentive to movements and not assume that just because there is initial interest, the price will automatically shoot up.
In summary, it all depends on how the market develops. It may rise quickly if there is high demand, but there could also be strong selling that stabilizes or even lowers the price. The best thing is to closely follow the first movements when it comes into circulation.