It's really scary to short new coins before they go live on Binance 😢!
The token $KERNEL was already listed on Whales Pro and other exchanges before it officially launched, and at that time, it wasn't even called by this name, it was called Kelp.
On March 29th, I saw that the market was already in a bear phase, and Kelp was still just re-staking the same old plan, it really wasn't worth 350 million FDV; I shorted it at a price of 0.35.
Who would have thought that a few days later, this guy would officially announce the listing on Binance, and sure enough, when I checked today, it looked very dangerous.
There is actually a rule here, which is that being listed on Binance CEX basically ensures that your lower limit won't look too bad; the upper limit depends on the project team's operational level and the market segment.
For projects like KERNEL that are just re-staking, generally, they will roughly support you to a 300 million FDV at the opening, but of course, the final outcome is still a parabola and going to zero. Brothers, it's okay to play short-term, but don't hold onto such garbage coins.
