Recently there have been a craze and buy rush for any coin new listed on Binance but usually turns to a nightmare for those who FOMO too early. $MBL which was listed today because they won vote for community coin dumped from 59 sats to 30 sats within some minutes. This was the case with LTO too. My little advise to traders, (especially newbie traders) is to analyze properly before diving into buying a newly listed coin on Binance especially and other exchanges with such hype. Even if you must do, use tight SL and moreover there is no point chasing a moving train.
This is a risky investment, they can make a lot of profits from this FOMO but can also lose a lot if the price falls after being listed in the exchange. I don't like investing like that because sooner or later I will lose all my investment. It is better to choose the top altcoins in this market and hold them