There has been a misconception about the percentage gains of newly launched cryptocurrencies, particularly in relation to the prices at which individuals purchased the coins.

For example, the cryptocurrency $VANA is currently reported to have increased by 2400%. However, it is important to note that when a new coin is introduced on platforms like Binance, three key prices are established: the opening price, the high of the day, and the low of the day.

The low price typically represents the coin's initial coin offering (ICO) or launchpad price, while the high can be influenced by factors such as market capitalization or other exchanges. The percentage gains shown are calculated based on the difference between the ICO price and the current market price, indicating the returns for early investors.

It is crucial for investors to understand that all trading begins at the established opening price, debunking the idea that early buyers acquired the coin at the lower or higher prices mentioned. Being aware of these dynamics is essential for making informed investment decisions.