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
This comes from the project owners , usually they do with their own profits in mind. They will dump on the investors so they can cashout at big consolidated amount and then abandon the project, eventually. It is how these newly launched altcoins work. They are scamming, but in a manner in which the investors never understand. I might be proven wrong, but that is what I have been observing for the last few years.For example, the SUI token cost a few cents in pre-sale and was listed at almost $1.50 on the Binance listing
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2/ In your experience, is it a good idea to buy a chip the second it is listed for a profit?
If you think the project is legit, give it a 2year period for observation before you buy in it. Usually the scams/rugpulls/shitcoins get abandoned by then and thus you will keep your money safe.Sorry to break you bubble mate.
