Only a small portion of the tokens are in circulation at launch. What happens to the rest?
Prices are often high in the early days after listing because there are few tokens in circulation. Such prices may not reflect the valuation once all the tokens are in circulation.
A Binance Research report reviewed more than a dozen recently listed new tokens, finding that at listing, only about 6% to 20% of their total supply was in circulation.
The first page of my trading journal says: Understand before you place an order.
Knowledge can help you avoid some pitfalls, but it cannot replace position management.
$BNB 629.01 (-3.57%)
Prices are often high in the early days after listing because there are few tokens in circulation. Such prices may not reflect the valuation once all the tokens are in circulation.
A Binance Research report reviewed more than a dozen recently listed new tokens, finding that at listing, only about 6% to 20% of their total supply was in circulation.
The first page of my trading journal says: Understand before you place an order.
Knowledge can help you avoid some pitfalls, but it cannot replace position management.
$BNB 629.01 (-3.57%)
