𝐂𝐥𝐞𝐚𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐌𝐢𝐬𝐜𝐨𝐧𝐜𝐞𝐩𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐍𝐞𝐰 𝐂𝐨𝐢𝐧 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 – 𝐊𝐧𝐨𝐰 𝐭𝐡𝐞 𝐅𝐚𝐜𝐭𝐬💥🔥
There’s a common misunderstanding among many traders when a new coin launches, and today, we’re going to set the record straight. Often, people see a massive percentage gain—like $VANA showing a 2400% increase—and assume some lucky individuals bought the coin at $1 while others purchased it at $25.70. This is far from the truth.
When Binance or any major exchange lists a new coin, they must set three reference prices before trading begins:
1. Opening Price – The price at which trading officially starts.
2. High of the Day – The highest price reached in the initial candle.
3. Low of the Day – Often based on the coin’s ICO or launchpad price.
For example, in the case of $VANA, the low is recorded at $1 (reflecting the ICO/launchpad price), the high of the first candle was $25.70, and the opening price was around $21.79. These numbers are either derived from previous market data (if the coin was trading on other exchanges) or are calculated based on the coin’s market cap at launch.
The percentage gain you see—like 2400%—is simply the difference between the ICO/launchpad price and the current market price. It reflects the profits made by ICO or seed investors, not the gains of regular traders buying after trading begins. It’s important to note that no one is buying at $1 or $25.70 once trading starts. The real trading begins at the opening price, and everyone buys or sells based on that value.
Don’t let these inflated percentages mislead you. They’re a reflection of pre-market investments, not real-time trading profits. Stay informed, understand the mechanics of coin launches, and approach the market with knowledge, not assumptions.
Stay educated, trade smart.
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