🚀 The Truth About New Coin Launches

Let’s clear up a big misconception about new coin listings and those jaw-dropping percentage gains you see on platforms like Binance. Here’s how it really works:

🔢 The “Three Prices” Binance Sets Before Trading Starts

When Binance lists a new coin, three prices are determined before trading begins:

1.Opening Price: The price where trading officially starts.

2.Low of the Day: Often linked to the ICO/launchpad price (not an actual trading price).

3.High of the Day: This could be random, based on the coin’s price on other exchanges (if applicable), or tied to market cap at launch.

These are set before trading starts and do not represent actual buy or sell prices at launch.

📈 The Misleading Percentages You See

When a coin shows crazy gains like “up 2400%,” here’s what’s happening:

•The percentage is calculated from the low price (usually the ICO/seed price) to the current trading price.

•It reflects the profits made by early investors (ICO or seed investors).

Example:

•If the low is $1 and the opening price is $21.79, the 2400% gain is based on the $1 seed price, not what regular traders paid.

❌ The Myth: “Someone Bought at the Low”

It’s impossible for anyone to buy at the “low” or sell at the “high” of the day when trading starts because:

•The low price is usually a pre-market figure tied to the ICO.

•The high price can be random or based on previous market data.

•Everyone starts trading at the opening price set by Binance.

🧠 Why Understanding This Matters

Don’t be fooled by wild percentages or believe that people got in at those “low prices” when trading launched. Always focus on:

•The opening price where actual trading begins.

•The market cap, liquidity, and project fundamentals.

Stay sharp and informed—it’s the best way to make smart trading decisions! 💡

Just look at today example $VANA