The Vibe: The moment a new cryptocurrency token officially goes live and becomes tradable.
The Details: A token launch is when a project releases its token to the public for the first time—usually by adding liquidity to a DEX pool (so people can buy/sell) and making the token available. Launches can be “fair” (everyone gets an equal chance, often with burns or locked liquidity) or have presales/VC rounds (insiders get cheap tokens early). The price is super volatile right after launch—hype can send it mooning, but rugs or dumps happen fast too.
Pro Tip: Most token launches are high-risk. Check liquidity is locked, team tokens vested, and real activity on-chain. Start tiny and DYOR hard—easy money promises are usually scams.