Cryptocurrency launches can be like carnival rides: thrilling, dizzying, and sometimes utterly confusing. Case in point: the VANA coin launch.
Social media lit up with claims that VANA was up 2400%, with people fantasizing about how someone allegedly bought it at $1 and sold it at $25.70 before their morning coffee.
Spoiler alert: that’s not how it works. Let’s untangle this misconception with a dash of humor.
Three Numbers and a Misunderstanding
When Binance or any major exchange launches a new coin, they must list three key prices:
1️⃣ Opening price (where trading actually begins)
2️⃣ Low of the day (often the ICO or launchpad price)
3️⃣ High of the day (a sometimes arbitrary number influenced by other exchanges or initial trades)
For $VANA, the low was $1, the high was $25.70, and the opening price landed around $21.79. Sounds wild, right? Here’s the kicker: nobody bought it at $1 or $25.70 during trading.
Those numbers exist to help calculate percentages, not to create instant millionaires.
Where Did That 2400% Come From?
The "2400% gain" reflects the difference between the ICO/seed price and the current market price.
Essentially, it’s the imaginary pot of gold for early investors who bought $VANA during its ICO, back when everyone else was still debating whether or not to buy meme coins.
Why This Matters
When you see flashy gains like “2400% up!” plastered across your screen, it’s easy to think, “Wow, people are buying Lambos right now.”
But the reality is simpler: most traders enter at the opening price, which is significantly higher than the ICO price.
Nobody is secretly buying at $1 and selling at $25.70 in a matter of seconds.
Stay Smart, Stay Educated
The crypto world loves big numbers and hype, but understanding how these launches work can save you from FOMO-induced heartache.
So next time you see a coin “up 5000%,” take a deep breath, grab a coffee, and remember: the only person truly winning is the one who knows how the system works.
And for $VANA? Well, it’s just getting started. But don’t let those percentages fool you — the real gains require patience, strategy, and a solid understanding of the game.