Woofun AI reports that Binance activated the Last Price Protection mechanism for the GUAUSDT perpetual contract on July 2, 2026, at 23:45 (UTC+8), citing significant spot price discrepancies across exchanges. During this period, price smoothing utilizes the Mark Price with a ±1% band, while the funding rate settlement interval extends from 1 hour to 4 hours with limits narrowed to ±0.005%. This measure remains in effect until index price stability is achieved, after which standard rules will resume. GUA has declined over 65% in 24 hours, currently trading at $0.059.