But there is another threading here about that coin. Today it came out on trade over. It started at $5 and dropped to 12 cents at the moment of posting.
This is a Karlsen thread, so you guys should take discussions about the other coin to its own thread.
Regarding the $5 starting price, that type of thing happens a lot with new coin listings on exchanges. Those exchanges have real low minimums so it was probably a test trade to try and set some type of high bar. The actual trade could have been 0.1 of a coin meaning a $0.50 trade to print the $5.00 you all seem to go on about.