I had a debate with a friend about which is better, purchasing a token new token before its listing on an exchange or the moment it gets listed.
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.
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?
Your friend made some great points and honestly, both strategies of buying before or after a listing have their pros and cons.
Buying before a listing can definitely offer bigger profit potential, especially if the token gets picked up by a top exchange like Binance, Bitget, or Bybit. For example, tokens like PNUT saw massive gains (17x in this case) after listing. But, as your friend pointed out, it’s a gamble. There’s always the risk that the token doesn’t get listed or doesn’t perform as expected.
On the flip side, buying after a listing is less risky. A top exchange listing often boosts a token’s visibility and trading volume, which can lead to solid gains. However, the upside might be smaller since early buyers have already positioned themselves. That’s my take