Even before $RED officially lists on Binance, the price is already down 37.42% and falling fast. With 240 million new tokens set to be released on listing day, the selling pressure could be overwhelming. The current pre-market dump suggests that early buyers are cashing out, fearing an even bigger crash once the full supply hits the market.
If this trend continues, $RED could struggle to hold any key support levels before the official listing. The combination of panic selling and massive incoming supply is a brutal setup, making a strong recovery seem unlikely in the short term.
The market isn't showing any mercy—this could get even worse.
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