All Eyes on $RED . Quick summary on the project launch.

Every project has hiccups so had the RED premarket launch and listing.

1. Price cap confusion

While the strategy was interesting, it created a lot of confusion with unfilled orders causing huge disappointment among traders.

2. Price fluctuation during PreMarket

After the PreMarket opened for all Binance users the price shot up to above 40% and fell very soon, indicating lot of short term trades trying to cash in and out.

3. Price below cap

While traders were unable to buy at highest cap price of $.80 , the price should not have fell below this limit indicating either early exit of internal investors or a strategy by REDStone and Binance to lure traders by providing them leverage

4. Unexpected trading suspension

Unexpected trading suspension due to lowering airdrop percentage and internal negotiations leading to scepticism among traders

Overall there is slow start and the price is resisting around the cap price during premarket. Unless there is large buy injection there won’t be a pump.

Will this become another $SHELL or move like $KAITO ? Stay alert!

‼️ This is not an investment advice, please DYOR before investing.