Post
Topic
Board Altcoin Discussion
Re: I have 2 questions that bother me
by
Jackl87
on 06/05/2023, 14:53:32 UTC
Hi everyone,
1/ Who determines the price of a token at launch?
For example, the SUI token cost a few cents in pre-sale and was listed at almost $1.50 on the Binance listing
2/ In your experience, is it a good idea to buy a chip the second it is listed for a profit?
Thanks for clarifying.

Well usually the listing price is the same price as the last one of the funding round or only slightly above that. If i remember correctly, than the listing price of Sui was also 0,1$ per coin because this was also the price of the public sale that was held on KuCoin. Sui is a very big project therefore a lot more people wanted to join the public sale then there were spots apparently and therefore there was a big buy pressure right after the listing.
So this means that Sui was listed for 0,1 on KuCoin but shot up to 1,50 or so withing a few seconds or minutes. In hindsight it would have been a good move to try to buy Sui as soon as it gets listed and as fast as possible, because then you would have been able to get it for below 0,50$ i would guess.
It is also possible that a project is dumping below the listing price. So it is hard to tell in advance what to do.