A to Z
all 153 terms.
A · 5
- alpha
Information or a pick that is supposed to give an edge. Paid alpha groups sell it; public alpha is usually already priced in.
- anon
An anonymous account or person. Most of the trenches is anons talking to anons.
- ape
To buy quickly and heavily without much research, usually because the ticker, the timing or the vibe felt right.
- ATH
All-time high. The highest price a coin has reached. Most trench coins print theirs in the first hour.
- ATL
All-time low. For a fresh coin, sometimes also launch price.
B · 13
- bagholder
Someone stuck holding a coin that has dropped a lot, unable or unwilling to sell.
- bags
The coins you are holding, especially ones that are down. Holding a bag is neutral. Being left holding it is not.
- based
Approving word for something bold, honest or contrarian. Applied to devs, posts, wallets and decisions.
- beta play
A smaller coin bought because it is related to a bigger one that is already running, in the hope it follows. Also just called a beta.
- bid
Buying interest, or the act of buying. A coin with a bid has people willing to buy dips. To bid something is to buy it.
- bonded
Describes a coin that has completed its bonding curve and migrated to a DEX pool. The opposite, still on the curve, is often called pre-bond.
- bonding curve
The pricing formula a fresh Pump.fun coin trades on before it has a normal liquidity pool. Price rises as tokens are bought from the curve and falls as they are sold back.
- boosts
Paid promotion on DEX Screener that raises a token's visibility on trending lists for a period of time.
- Bubblemaps
A tool that visualizes token holders as connected bubbles, making wallet clusters and linked supply easy to spot.
- bump bot
A bot that makes tiny repeated buys on a Pump.fun coin to keep it near the top of the feed.
- bundle
A group of transactions submitted together so they land in the same block, often used by devs to buy launch supply across many wallets at once.
- bundled launch
A launch where the dev bought a large share of supply across many wallets in the first block, hiding how concentrated ownership really is.
- bundled supply
The share of a token held by wallets that bought in the launch bundle. High bundled supply usually means one party controls much more than the holder count suggests.
C · 14
- CA
Contract address. On Solana it is the token's mint address, the one string you actually need to buy the right coin.
- cabal
A supposed or actual group of insiders coordinating launches, promotion or trading activity. The word is thrown around far more often than it is proven.
- caller
Someone who posts coin picks to a Telegram channel or X following. Often enters before calling.
- chad
Someone whose move looks confident and correct, usually in hindsight. Also used as an adjective for a bold or clean play.
- chop
Sideways, directionless price action that bleeds traders through small losses on both sides.
- community
The holders and posters around a coin. In the trenches people often say the community is the product, partly because there is nothing else.
- conviction
Willingness to hold a coin through volatility because you believe in it. Frequently claimed, rarely tested until the first red candle.
- cooked
Finished, ruined, beyond saving. Can apply to a coin, a portfolio or the person posting.
- cope
A comforting story told to avoid admitting a loss or a mistake.
- copy trading
Automatically mirroring another wallet's buys and sells. Works until the wallet you copy notices and starts using you as exit liquidity.
- creator fees
A share of trading fees paid to the coin's creator wallet on some launchpads, including Pump.fun. A dev living off fees has a reason to keep volume up.
- CT
Crypto Twitter, now crypto X. The timeline where narratives start, coins get shilled and everyone posts their losses as jokes.
- CTO
Community takeover. When the original dev has abandoned or dumped a coin and holders take over the socials, art and promotion themselves.
- cult
A coin community with intense loyalty, inside jokes and constant posting. The trenches mean it as a compliment.
D · 15
- dead coin
A coin with no volume, no bid and no community left. The default end state of most launches.
- degen
Short for degenerate. Someone who takes outsized, often poorly researched risks on volatile coins, usually on purpose and usually proudly.
- deployer
The wallet that created the token. Checking what else the deployer has launched is the fastest way to spot a serial rugger.
- dev
Whoever deployed the coin. On Pump.fun this usually means the creator wallet, not a developer in any technical sense.
- dev buy
The amount of supply the creator buys in the same transaction as the launch. A large dev buy means the dev can dump on everyone.
- dev is based
Approval for a dev who did something good or bold, like locking fees, staying active or not dumping.
- dev sold
The creator wallet has sold its tokens. Usually the end of the coin, occasionally the start of a CTO.
- dex paid
The coin's team has paid for an enhanced token profile on DEX Screener. Shows some spending, proves nothing about quality.
- DEX Screener
A chart and token data site used by almost everyone to look up a coin's price, liquidity and pairs.
- diamond hands
Holding through drawdowns without selling. Admired when it works, ignored when it rides to zero.
- dip
A price drop that buyers hope is temporary. Buying the dip works until the dip is the rest of the chart.
- drainer
A malicious site or transaction that empties your wallet once you approve it. Often hidden behind fake airdrops, fake mints or cloned sites.
- dump
Heavy selling that pushes price down hard. Also the act of selling a big position all at once.
- dust
A position or wallet balance so small it is basically worthless. Often what is left after a rug.
- dyor
Do your own research. The disclaimer attached to every shill.
E · 3
- engagement farming
Posting purely to collect likes, replies and followers, often with bait questions or giveaways.
- entry
The price or market cap at which you bought. Trench brag currency.
- exit liquidity
The buyers whose purchases let earlier holders sell at a good price. If you can't tell who the exit liquidity is, it is you.
F · 12
- fade
To deliberately not buy something, or to bet against it, usually because you think it is weak, overhyped or already done.
- fake CA
A copycat token with the same name and ticker as a real one, posted to trick people into buying the wrong contract.
- farmed
Being used as a source of profit by insiders or bots, for example buying into a launch that was set up to sell into retail.
- FDV
Fully diluted valuation: price times the maximum supply. For most Pump.fun coins the whole supply already exists, so FDV and market cap are the same.
- flex
Showing off gains, usually with a PnL card. The losses stay in the drafts.
- floor
A price level a coin keeps bouncing off, where buyers seem to step in. Floors are opinions until they break.
- FOMO
Fear of missing out. The urge to buy because a coin is already moving and everyone else seems to be getting rich.
- freeze authority
A permission that lets the token creator freeze any holder's tokens. If it is enabled, buyers may be unable to sell.
- fren
Friend. Used for anyone in the same coin, the same group or the same mess.
- fresh wallet
A wallet with little or no history before buying a coin. Many fresh wallets in the top holders often points to one person splitting supply.
- FUD
Fear, uncertainty and doubt. Negative claims about a coin, true or false. Holders call any criticism FUD.
- full port
Putting your entire portfolio, or nearly all of it, into one position.
G · 5
- generational entry
Ironic or sincere claim that the current price is a once-in-a-lifetime chance to buy. Said at every price.
- glued
Unable to stop watching charts. Screen time measured in candles.
- gm
Good morning. The default greeting on crypto X, posted at any hour.
- god candle
A single huge green candle that sends price up in one move. Usually after you sold.
- graduation
The moment a Pump.fun coin fills its bonding curve and its liquidity moves to a DEX pool. Most coins never get there.
H · 4
- higher low
A dip that bottoms above the previous dip. The chart pattern trench traders look for to say a coin is not dead yet.
- holder distribution
How a token's supply is spread across wallets. Healthier when no small group holds most of it.
- honeypot
A token set up so buyers can buy but can't sell, for example through freeze authority or a malicious contract.
- hopium
Unjustified optimism. Inhaled heavily in dead Telegram groups.
I · 3
- initials
Your initial investment. Taking out initials means selling enough to recover what you put in and holding the rest for free.
- insider
A wallet connected to the team or to whoever knew about a launch in advance. Insider supply is the supply most likely to be sold on you.
- it's over
Declaration that things are hopeless. Rarely means it is actually over.
J · 2
K · 3
- king of the hill
A Pump.fun badge for the coin closest to completing its bonding curve. Gets a coin featured and often triggers a rush of buys.
- KOL
Key opinion leader. An account with a large crypto audience whose posts can move a low-cap coin. Paid promotion is common and not always disclosed.
- KOL dump
When an influencer promotes a coin they already hold and sells into the buyers their post brings in.
L · 5
- launcher
Someone who launches coins, often many of them, sometimes as a business. Also used for tools that automate launches.
- let it cook
Leave the coin alone and give it time instead of trading every candle.
- lfg
Let's fucking go. Excitement in three letters, usually attached to a green candle.
- liquidity
How much money sits in a coin's trading pool. Low liquidity means big price moves on small trades and trouble getting out.
- lowcap
A coin with a small market cap, typically under a few hundred thousand dollars. More upside, more ways to lose everything.
M · 7
- market cap
Price times supply. For memecoins it is the headline number everyone quotes, even though the money you can actually exit with is set by liquidity.
- meta
The theme that is currently winning across many launches, for example AI agents, animals or a specific meme format. Metas rotate fast.
- MEV
Maximal extractable value. Profit taken by reordering or inserting transactions around yours, for example a sandwich attack on a high-slippage buy.
- migration
Moving a coin's liquidity from the launchpad curve to a regular DEX pool. Pump.fun coins now migrate to PumpSwap; earlier ones went to Raydium.
- mint authority
The permission to create more of a token. Revoked mint authority means supply is fixed. Pump.fun coins launch with it revoked.
- mods
Moderators of a coin's Telegram or X community. Their silence after a dump says a lot.
- moonbag
A small part of a position kept after taking profit, in case the coin goes much higher. Costless emotionally if you took out initials.
N · 6
- narrative
The story a coin attaches itself to: a news event, a viral post, an AI agent, a celebrity's pet. Coins with a fresh narrative tend to move first.
- new pairs
The feed of freshly launched tokens on a trading terminal. Where trenching starts.
- nfa
Not financial advice. Said immediately before financial advice.
- ngmi
Not gonna make it. Said about people, decisions or coins that look doomed.
- no more jeets
Rallying cry for holders to stop selling, usually after a dip someone blamed on jeets.
- nuke
A fast, deep price crash, often from a large holder dumping or a rug. To nuke is to crash like that.
O · 2
- OG
The original coin of a meme or narrative, as opposed to the copies launched after it. Proving which one is the OG is a recurring fight.
- one more trade
The promise made before the trade that ruins the day.
P · 7
- paper hands
Someone who sells at the first sign of weakness. The insult used by people who haven't sold yet.
- phishing
Fake links, accounts or sites built to steal wallet access or seed phrases. Spikes around every popular launch.
- PnL
Profit and loss. A PnL card is the screenshot people post to show a trade, usually only the green ones.
- priority fee
An optional extra fee on a Solana transaction that makes validators more likely to include it quickly. Raised during busy launches.
- pump
A sharp rise in price, organic or coordinated. Not to be confused with Pump.fun, though the two show up together a lot.
- Pump.fun
Solana launchpad where anyone can create a token in seconds. New coins trade on a bonding curve first and move to a DEX pool once the curve fills.
- PumpSwap
Pump.fun's own DEX, where graduated Pump.fun coins get their liquidity pool.
R · 11
- raid
A coordinated push where a coin's community floods a post or account with replies, likes and memes to get attention.
- Raydium
A major Solana DEX and AMM. Older Pump.fun coins migrated there, and many non-Pump launches still pool there.
- rekt
Wrecked. Having taken a heavy loss.
- reply guy
An account that replies to every big post, often to shill a coin or farm visibility.
- retrace
A pullback after a run up, before deciding the next direction. Healthy coins retrace and hold; dead ones keep retracing.
- revenge trade
A trade made to recover a loss rather than because it is a good trade.
- revival
A coin that was presumed dead and comes back, often after a CTO, a new narrative or a whale buying in.
- rotate
Move money out of one coin and into another, usually from a slower play into whatever is moving now.
- roundtrip
Watching a profitable position return to breakeven or a loss without taking profit.
- rug
When the people behind a coin pull liquidity or dump their supply so the price collapses and holders can't get out. Short for rug pull.
- runner
A coin that keeps going up for hours or days while most launches around it die.
S · 15
- second leg
A coin's second big move up after an initial run and a long cooldown. Everyone is waiting for one; few coins get it.
- send higher
Encouragement for a coin to keep going up. Posted under charts, usually by holders.
- send it
Commit to the trade, or encourage a coin to keep going up. Both a decision and a prayer.
- ser
Sir, deliberately misspelled. Used to sound polite while asking for something unreasonable.
- shill
Promote a coin, usually one you hold, often loudly and repeatedly. A shill is also the person doing it.
- shrimp
A tiny holder. Self-deprecating word for trading small.
- sidelined
Watching a coin run without being in it, either from caution or because you sold.
- slippage
The difference between the price you expect and the price you get, caused by thin liquidity or a moving market. High slippage settings get you in and sometimes get you robbed.
- slow rug
Insiders sell gradually over days or weeks, keeping the chart looking alive while they exit.
- smart money
Wallets with a strong track record that people follow and copy. Calling a wallet smart money is a label, not a guarantee.
- sniper
A wallet or bot that buys a coin in the first blocks after launch, before most people can see it, and often sells into the first wave of buyers.
- socials
A coin's X account, Telegram, website and similar links. Missing socials is a red flag; having them is the minimum, not proof.
- soft rug
The team doesn't pull liquidity but dumps its tokens and abandons the project. Technically still tradable, practically dead.
- stop loss
An order that sells automatically if price falls to a set level. Useful on liquid coins; on thin memecoins it can fill far below where you set it.
- study the wallets
Advice to check on-chain data, like deployer history, holder clusters and smart money, before trusting a chart or a post.
T · 11
- take profit
Selling some or all of a position at a gain. TP for short. The trenches consensus is that nobody does it enough.
- terminal
A trading app built for fast memecoin trading: new pairs feed, holder data, one-click buys. Axiom, GMGN, Photon and BullX are common examples.
- TG
Telegram, where most coin groups, callers and trading bots live.
- the trenches
The low-cap memecoin market on Solana, mostly fresh Pump.fun launches, where everything is early, fast and mostly going to zero.
- ticker
The short symbol a coin trades under. In the trenches the ticker is half the meme and is often the reason people buy.
- tilt
Trading emotionally after a loss, usually bigger and faster, to win it back.
- top holders
The largest wallets of a token, usually checked as the top 10 combined percentage. Excludes the liquidity pool if the tool is decent.
- trading bot
A Telegram bot or app that trades for you from a chat window, holding your keys or a delegated wallet. Fast, convenient, and a security trade-off.
- trenching
Actively trading brand-new low-cap launches, usually by scrolling new pairs and buying within minutes of deploy.
- trending
Appearing on a platform's trending list, which is partly organic volume and partly paid boosts. Being trending brings eyes, not guarantees.
- trust the process
What holders say while the chart does nothing for days.
V · 4
- vamp
Launching a copy of a successful coin or product to drain attention and liquidity from it. Not always a scam, always a copy.
- vanity address
A contract address with a chosen ending, like the pump suffix on Pump.fun coins. Not a mark of quality, just a ground out keypair.
- volume
The amount traded over a period. Real volume shows interest; bot volume shows someone paying to look busy.
- volume bot
Software that generates trades automatically to make a coin look active and climb trending lists.
W · 6
- wagmi
We're all gonna make it. Group optimism, usually posted right before it gets tested.
- wallet cluster
A group of wallets that appear to be controlled by the same person, usually linked by shared funding or transfers between them.
- wash trading
Trading a token back and forth between wallets you control to fake volume and activity.
- we are so back
Declaration that things are good again after a bad stretch. Paired with its opposite, it's over, often within the same hour.
- whale
A wallet holding or trading a large amount relative to the coin. In the trenches a whale can be someone with 50 SOL.
- wick
The thin line above or below a candle showing a price that was touched briefly. A long top wick is everyone selling into a spike.