๐๐ฅ๐๐๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ข๐ฌ๐๐จ๐ง๐๐๐ฉ๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐๐ฐ ๐๐จ๐ข๐ง ๐๐๐ฎ๐ง๐๐ก๐๐ฌ โ ๐๐ง๐จ๐ฐ ๐ญ๐ก๐ ๐ ๐๐๐ญ๐ฌ๐ฅ๐ฅ
Thereโs a common misunderstanding among many traders when a new coin launches, and today, weโre going to set the record straight. Often, people see a massive percentage gainโlike $VANA showing a 2400% increaseโand assume some lucky individuals bought the coin at $1 while others purchased it at $25.70. This is far from the truth.
When Binance or any major exchange lists a new coin, they must set three reference prices before trading begins:
1. Opening Price โ The price at which trading officially starts.
2. High of the Day โ The highest price reached in the initial candle.
3. Low of the Day โ Often based on the coinโs ICO or launchpad price.
For example, in the case of $VANA, the low is recorded at $1 (reflecting the ICO/launchpad price), the high of the first candle was $25.70, and the opening price was around $21.79. These numbers are either derived from previous market data (if the coin was trading on other exchanges) or are calculated based on the coinโs market cap at launch.
The percentage gain you seeโlike 2400%โis simply the difference between the ICO/launchpad price and the current market price. It reflects the profits made by ICO or seed investors, not the gains of regular traders buying after trading begins. Itโs important to note that no one is buying at $1 or $25.70 once trading starts. The real trading begins at the opening price, and everyone buys or sells based on that value.
Donโt let these inflated percentages mislead you. Theyโre a reflection of pre-market investments, not real-time trading profits. Stay informed, understand the mechanics of coin launches, and approach the market with knowledge, not assumptions.
Stay educated, trade smart.
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