Binance Pre Market launches price limit mechanism test, currently only applicable to RED tokens

Odaily reports that according to official information, in order to continuously drive innovation and improve the user's trading experience, Binance has launched a new feature for the Binance pre-market trading market - the price limit mechanism. The price limit mechanism will limit the maximum trading price in the pre-market market within the first 72 hours, and the token price increase will not exceed a certain percentage of the initial opening price. After the pre-market market opens for 72 hours, there will be no more price restrictions, and trading will resume normally. Price limit rules: February 28, 2025 18:00 - March 1, 2025 17:59 (UTC+8): The maximum purchase price is 200% of the opening price. March 1, 2025 18:00 - March 2, 2025 17:59 (UTC+8): The maximum purchase price is 300% of the opening price. March 2, 2025 18:00 - March 3, 2025 17:59 (UTC+8): The maximum purchase price is 400% of the opening price. After March 3, 2025 18:00 (UTC+8): No price limit. Please note: This price limit mechanism is currently being tested for the token issuance, and it is not yet certain whether this feature will become a long-term feature of the future pre-market.