🚨 Clearing the Biggest Misconception About New Coin Launches

Let’s break it down because there’s a lot of confusion surrounding new crypto launches and those jaw-dropping percentages like “$VANA is up 2400%!”.

Here’s the truth: Nobody actually bought at $1 or $25.70 when trading began. Let me explain how it works:

How Binance Launches Work

Before trading starts, Binance (or any exchange) must list three key prices for a new coin:

Opening Price – The price where trading actually begins (e.g., $21.79 for $VANA).

Low of the Day – Often tied to the ICO or launchpad price (e.g., $1 for $VANA ).

High of the Day – Can be random or based on CoinMarketCap data if it’s listed elsewhere (e.g., $25.70).

These values are set before trading begins, and they provide reference points. The “low price” is usually the ICO/seed price investors paid before the coin hit the market, while the high price could be an arbitrary number or influenced by market cap at the time.

So What About That Percentage Gain?

The huge percentage you see (e.g., +2400%) reflects the difference between the ICO/seed price and the current market price. It’s essentially the profit made by early-stage investors – NOT regular traders.

When trading starts, everyone buys at the opening price—you cannot buy at the “low price” or “high price” of the day, because those numbers are predetermined and don’t represent actual trades at launch.

Key Takeaway

Don’t be fooled or overly impressed by the insane percentages you see. These numbers don’t mean traders made 2400% gains from the moment trading started. It’s all about understanding how coin launches work.

💡 Stay informed, trade smart, and know the game!

#Crypto101

#CoinLaunches #StaySmart