Benyoo
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Binance Pre-Market Purchase for RED Token โ A Huge Failure for Early Buyers ๐ค๐
Binanceโs latest pre-market purchase for the RED token turned out to be a huge disappointment for many users. Early buyers, who tried to purchase the token at prices between 0.4โ0.6โ0.8 EUR, most likely didnโt get their transactions completed, even after waiting and trying to place their orders. The trading started, but the price of the token surged dramatically, and those who tried to buy at the predetermined low prices didnโt get the desired amount. ๐๐ธ
One of the biggest issues was that after the price unlock, the token price had already risen higher than what users had set, and since there wasnโt enough liquidity at the lower prices, pre-orders were not fulfilled. This resulted in the huge disappointment that the pre-market purchase, which was supposed to offer tokens at a discount, didnโt meet usersโ expectations. ๐๐คฆโโ๏ธ
In reality, if Binance had simply launched the RED tokenโs spot listing, many more people would have been able to access it, and this problem could have been avoided. Instead of waiting days for the pre-market trading to take place, users likely would have had a better chance of securing the tokens via the regular spot market. ๐๐ฅ
This situation highlights that while pre-market purchases may have appeared to offer an attractive opportunity for early buyers, it ultimately failed to meet the expected goal, and many users were left disappointed. It might have been better if Binance had simply launched the RED token trading on the spot market, where everyone could have quickly accessed the tokens without facing these complications. ๐คทโโ๏ธ๐
Hopefully, in the future, they will learn from this and pay closer attention to liquidity and price changes when handling these types of purchases. ๐ค๐งโ๐ป
#Binance $RED
Binanceโs latest pre-market purchase for the RED token turned out to be a huge disappointment for many users. Early buyers, who tried to purchase the token at prices between 0.4โ0.6โ0.8 EUR, most likely didnโt get their transactions completed, even after waiting and trying to place their orders. The trading started, but the price of the token surged dramatically, and those who tried to buy at the predetermined low prices didnโt get the desired amount. ๐๐ธ
One of the biggest issues was that after the price unlock, the token price had already risen higher than what users had set, and since there wasnโt enough liquidity at the lower prices, pre-orders were not fulfilled. This resulted in the huge disappointment that the pre-market purchase, which was supposed to offer tokens at a discount, didnโt meet usersโ expectations. ๐๐คฆโโ๏ธ
In reality, if Binance had simply launched the RED tokenโs spot listing, many more people would have been able to access it, and this problem could have been avoided. Instead of waiting days for the pre-market trading to take place, users likely would have had a better chance of securing the tokens via the regular spot market. ๐๐ฅ
This situation highlights that while pre-market purchases may have appeared to offer an attractive opportunity for early buyers, it ultimately failed to meet the expected goal, and many users were left disappointed. It might have been better if Binance had simply launched the RED token trading on the spot market, where everyone could have quickly accessed the tokens without facing these complications. ๐คทโโ๏ธ๐
Hopefully, in the future, they will learn from this and pay closer attention to liquidity and price changes when handling these types of purchases. ๐ค๐งโ๐ป
#Binance $RED
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