Capstan Zee 8
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There’s a huge misconception I want to clear up today.
When a new coin launches, people often get confused by the percentages shown on Binance (like “WLFI is up 54%”).
The truth is: no one actually bought at those so-called “low prices” like $0.20 or sold at the first-candle high like $0.4780.
Here’s why 👇
Before Binance lists a coin, they must set three prices:
Opening Price
High of the Day
Low of the Day
Example with $WLFI:
Low = $0.20 (often linked to ICO or launchpool price)
High = $0.4780 (sometimes random, sometimes based on CoinMarketCap or other exchanges)
Opening = around $0.29
These prices are mostly for reference. The low usually reflects presale or launchpool levels, while the high can be arbitrary or based on outside market data.
👉 This means the percentage you see on screen is just the difference between today’s market price and that set “low” (or presale price).
With $WLFI, for instance, the presale was $0.015. So the chart is comparing the live price against that, not against what traders actually paid when Binance opened trading.
⚠️ Bottom line: No one bought at $0.20 or $0.4780 at launch. Everyone entered at the opening market value. Don’t get misled or impressed by inflated numbers.
Stay informed. Stay smart.
#capstanzee
$WLFI
{spot}(WLFIUSDT)
When a new coin launches, people often get confused by the percentages shown on Binance (like “WLFI is up 54%”).
The truth is: no one actually bought at those so-called “low prices” like $0.20 or sold at the first-candle high like $0.4780.
Here’s why 👇
Before Binance lists a coin, they must set three prices:
Opening Price
High of the Day
Low of the Day
Example with $WLFI:
Low = $0.20 (often linked to ICO or launchpool price)
High = $0.4780 (sometimes random, sometimes based on CoinMarketCap or other exchanges)
Opening = around $0.29
These prices are mostly for reference. The low usually reflects presale or launchpool levels, while the high can be arbitrary or based on outside market data.
👉 This means the percentage you see on screen is just the difference between today’s market price and that set “low” (or presale price).
With $WLFI, for instance, the presale was $0.015. So the chart is comparing the live price against that, not against what traders actually paid when Binance opened trading.
⚠️ Bottom line: No one bought at $0.20 or $0.4780 at launch. Everyone entered at the opening market value. Don’t get misled or impressed by inflated numbers.
Stay informed. Stay smart.
#capstanzee
$WLFI
{spot}(WLFIUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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