Having observed a complete cycle of a coin listing, the pattern is quite interesting. Once the announcement is made, the price surges; then, when spot trading begins, it starts to weaken, followed by a long sideways consolidation phase, and finally a genuine rally. This approach actually reflects a very typical strategy—not rushing to chase the high, but instead timing the moves carefully later on. Some exchanges are quite skilled at this, emphasizing the art of "being a beat late." In the market for new coins, there are often chips waiting for a rebound and also bagholders who got caught in earlier, with these two forces repeatedly pulling against each other. This pattern of listing coins is somewhat similar to the trend patterns of certain major coins, with a good sense of rhythm. As long as you grasp this pattern, you can actually find some opportunities within it.