I feel like purchasing a token before the listing gives much more space for profit, but he mentioned that there's also a huge risk of not knowing whether it will end up getting listed and that was a fair point. He also raised the point that buying tokens after their listing was safer, but even if it's true that it holds less profit potential than the former, it also has huge potential if it gets listed on a top exchange.
I think your friend was right. Buying the token after listing is much safer. It's better than gambling on your profit before token listing. I bring you a chart. I took it from Memefi. It's listed on many big exchanges, but it fell sharply after listing.
The token's profitability depends on various metrics. These metrics are : fairness of the distribution, market cap, circulating supply, total holders, token vesting, and many more.
Any token have different metrics that would affect is profitability.
He mentioned a couple of tokens that got listed on certain exchanges, mostly the top exchanges like Binance, Bybit and Bitget and those tokens experienced pumps experienced massive pumps. The one I remembered was PNUT he said it was up 17x. He made good points but I'd rather table it here, what do you guys think?
Meme token like Pnut was growing from the small mcap to the big mcap. It's also having fair distribution, which is not being diluted by entities who hold lots of tokens. that potentially disturb the market.
Anyone who wants to invest must buy it from the market. There's no pre-sale or early investment that could the price to go up.