š Unmasking the Truth About Crypto Launch Prices ā Donāt Be Fooled! š
Ever seen coins like $VANA boasting insane gains like +2400% and thought:
"Did someone actually buy at $1 and sell at $25.70?" š¤
Hereās the reality you NEED to know:
When a coin launches on major platforms like Binance, three key prices are published before trading even begins:
š¹ Low Price ā Usually the ICO or Launchpad price (For VANA, it was $1).
š¹ Opening Price ā This is where public trading begins (For VANA, it was $21.79).
š¹ High Price ā The peak price reached on launch day (For VANA, it hit $25.70).
š” The Catch?
No one is buying at $1 or selling at $25.70 when the market opens.
The opening price is where real trading starts, and itās typically WAY higher than the ICO price.
š„ So, whatās with the massive 2400% gain?
It reflects the profit for early ICO or Launchpad investors relative to today's trading price. For most people, the ā2400%ā is just flashy marketing optics ā not a reality theyāll experience.
Why Should You Care?
When new tokens flood the market, demand and supply dictate price. Big gains can turn into steep drops.
Donāt Get Tricked by the Hype.
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Disclaimer: This is not financial advice, just plain facts to help you navigate the market smarter.