Pre-Market Pricing

Definition ∞ Pre-market pricing refers to the valuation of an asset before its official listing or public trading commences on a primary exchange. In the digital asset space, this often applies to tokens during private sales, initial coin offerings, or before their debut on major trading platforms. These prices are often speculative and based on limited liquidity and information.
Context ∞ Pre-market pricing frequently generates considerable discussion in cryptocurrency news, especially concerning new project launches and token distributions. Investors often scrutinize these initial valuations for indications of future market performance. Regulatory bodies are increasingly examining pre-market activities to ensure fairness and prevent manipulative practices.