There's a basic question that beginners often ask, which is how much is 1K in terms of money.

Actually, the units used in exchanges may seem complicated, but once you understand them, it's very simple.

Let's start with the most common ones.
1K represents 1k, which is the most fundamental.
Next up is 1M, which means 1 million, often used when looking at market cap or trading volume.
Further up is 1E, equal to 100 million, a unit that appears when discussing large sums of funds or project financing.
1B means 1 billion, usually used to describe the market cap of larger projects.
The largest is 1T, representing trillions, generally used to measure the overall market size.

Why is it important to understand these?
Because data from exchanges, project funding amounts, and total market volume are mostly expressed using these units.
If you don't understand what 1K is in terms of money, you'll easily misinterpret market data.
For example, if a project raises 1.5M USD, you should know that it’s 1.5 million USD, not 1.5 million RMB.

Just remember this rule simply:
For each step up, add three zeros.
1K, 1M, 1B, 1E, 1T—these five units cover about 99% of data expressions in exchanges.
Next time you see these letters followed by numbers, just apply this conversion to understand quickly.