But investors somehow bought it)? + there is premarket

The Truth About Cryptocurrency Launch Percentages: Know the Numbers!
You’ve probably seen new tokens like $VANA showing wild percentages like +2400% and wondered:
"Did some lucky ones really buy at $1 and sell at $25.70?"
Let’s clarify the situation. 🚀
When platforms like Binance launch a new coin, they MUST specify 3 prices before trading starts:
1. Opening price — this is where actual trading begins.
2. Day's high — the peak price of the first candle.
3. Day's low — usually based on ICO or launchpad prices.
For #VANA:
Low: $1 (ICO/launchpad price).
High: $25.70 (market frenzy or other exchange data).
Opening price: around $21.79.
Important fact:
No one bought at $1 or $25.70 when trading started. Everyone enters at the opening price. Huge percentages (like +2400%) reflect the profit made by ICO or Seed investors relative to today’s price.