What many people don't know about New Coin Launches on Binance.

Let's take $VANA as an example
First listed on Binance, with the first candle around 2400%, many people think that some people bought it for $1 and others for $25.70 and are now millionaires. This is not true.

When Binance adds a new coin, it needs to mention three prices before trading begins:
Opening Price: The price at which trading begins.
Daily High: The highest price reached on the first day of trading.
Daily Low: The lowest price reached on the first day of trading.

VANA's low is $1 (based on the ICO or Launchpad price).
The high of the first candle was $25.70.
The opening price was around $21.79.

Sometimes these values ​​are just symbolic numbers, depending on the market value at the time of launch.

The huge percentage you see on the screen is the difference between the ICO/Launchpad price and the current market price. This represents the profit of the investors who participated in the ICO or Seed Round.

There is no way someone bought at $1 or $25.70 when trading started. Everyone buys at the price at which trading starts.

Don't be fooled by these numbers. They are normal.

Stay informed and trade wisely!

I hope this helps and good luck to everyone!

$BTC $VANA