$VANA This type of currency with a small issuance is too heavily controlled by the project team; they can sell at whatever price they want since no one has coins to sell.
In the future, when encountering this type of new coin, if the initial trading price is too high, it is recommended to observe primarily in the early trading phase. Because rashly entering can easily lead to losses. If you really want to buy, you must do your homework before trading and thoroughly understand this coin; trading should never be done blindly.