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Memecoin glossary: the words traders use, in plain English

Crypto Twitter talks in shorthand. Here's what the words mean, with a link to the tool or guide where each one matters.

Coins and launches

Memecoin
A token whose value comes from attention, community and jokes rather than a product. Most launch on Solana through launchpads.
Contract address (CA)
The unique address of a token on-chain. Names and tickers can be copied, the CA can't, so always copy it from the chart or launchpad page.
Launchpad
A site that creates a token and starts it trading in one step, like pump.fun. See how to make a memecoin.
Bonding curve
A pricing formula that raises a new coin's price with every buy and lowers it with every sell, so a coin can trade before anyone adds liquidity.
Graduation (migration)
The moment a coin raises enough on its bonding curve and its liquidity moves to a regular trading pool. Most coins never graduate.
Dev buy
The creator's own first purchase of their coin at launch. Buyers check its size.
Dev wallet
The wallet that created a coin. Its history shows whether the creator tends to sell early. Most trading terminals show it on the token card.
Market cap
Token price times supply. Memecoin traders think in market cap rather than price, which is why our memecoin calculator works from entry and exit market cap.
Liquidity
The pool of SOL and tokens you trade against. Thin liquidity means your own buy moves the price a lot.
LP burn
Destroying the tokens that represent a pool's liquidity, so nobody can withdraw it. Burned or locked liquidity rules out the classic hard rug.

Risks and scams

Rug pull
When the people behind a coin take the money and leave. A hard rug pulls the liquidity; a soft rug sells a large supply into buyers. See how to spot a rug pull.
Honeypot
A token you can buy but can't sell, usually because the contract lets the creator freeze accounts or block transfers.
Mint authority
The power to create new tokens. If it's still enabled, the creator can print supply and sell it. RugCheck shows it.
Freeze authority
The power to freeze token accounts so holders can't sell. On a memecoin it should be disabled.
Bundling
A dev buying a large share of supply from many wallets in the launch block, so it looks spread out. See bundled memecoins.
Cabal
A group of insiders who coordinate buys and sells on a coin, often holding a big combined share of supply.
Insider wallet
A wallet connected to a coin's team, often funded from the same source, that bought early. Bubblemaps shows these links.
Holder concentration
How much of the supply the top wallets hold. High concentration means a few sellers can crash the chart.
Exit liquidity
The buyers that early holders sell into. If you're buying after a coordinated pump, you might be it.
Drainer
A fake site that gets you to sign a transaction that empties your wallet, often disguised as a login or claim. See fake bots and terminal clones.
Seed phrase
The 12 or 24 words that restore a wallet. Whoever has them owns everything in it. Never type them into a site, bot or DM.
Private key
The secret that signs transactions for one wallet. Trading bots hold one to trade for you. See private key safety.
Volume bot
Software that trades a coin back and forth to fake activity and climb trending lists. High volume with few real holders is a warning.
Boost
A paid promotion that raises a token's visibility on a chart site. A boosted token means someone paid, which says nothing about safety. See DEX Screener.

Trading

Ape
To buy fast, usually without much research. The rug check takes five minutes and is worth it.
Jeet
Slang for someone who sells quickly, often at the first small gain or loss.
Trenches
The fast, risky market for brand-new coins in their first minutes and hours.
Sniping
Buying a coin in the first blocks after it launches, usually with a bot. See sniper bots.
Trading terminal
A web app built for memecoin trading, with a live new-coin feed, holder data and one-click buys. See trading terminals.
Telegram bot
A trading bot you use inside Telegram by pasting a contract address. See Telegram bots.
Slippage
The most worse-than-quoted price you'll accept on a trade. Too tight and trades fail; too loose and you invite sandwich attacks.
Price impact
How much your own trade moves the price. Bigger on small, thin coins.
Priority fee
An extra SOL payment so validators include your trade sooner. See trading fees explained.
Tip (bribe)
A payment to the validator or block builder to land your trade first in a busy block. Many terminals call it a bribe.
MEV
Profit bots make by reordering, inserting or front-running other people's transactions.
Sandwich attack
A bot buys right before your trade and sells right after it, so you pay a worse price and it pockets the difference. Tight slippage and MEV protection help.
Limit order
An order that only fills at the price or market cap you set.
Take-profit and stop-loss
Orders that sell automatically when a coin rises to your target or falls to your limit.
DCA
Dollar-cost averaging: buying or selling in several smaller chunks over time instead of all at once.
PnL
Profit and loss. Realized PnL counts closed trades; unrealized PnL is what open positions are worth right now.
Rent
A small refundable SOL deposit locked in every token account. Close empty accounts with a tool like Sol Incinerator to get it back.
Cashback (rakeback)
Part of a platform's trading fee paid back to you, usually in SOL and higher for bigger volume.
Paper trading
Practice trading with a virtual balance at live prices. See memecoin paper trading.
Perps
Perpetual futures: leveraged long or short bets on a token's price with no expiry. See memecoin perps.
Liquidation
When a leveraged position loses enough that the exchange closes it and keeps your margin.

People and signals

CT
Crypto Twitter, now X. Where most memecoin attention starts.
KOL
Key opinion leader: an influencer who posts calls. Kolscan shows whether their wallets actually profit.
Smart money
Wallets with a track record of profitable trades. Nansen and GMGN label them.
Copy trading
Automatically mirroring another wallet's trades. See memecoin copy trading.
Fresh wallet
A brand-new wallet with no history. Lots of fresh wallets buying a new coin often points to one person or a bundle.

FAQ

What is a bonding curve in memecoins?

A pricing formula that raises a new coin's price with every buy and lowers it with every sell, so it can trade before anyone adds liquidity. When enough SOL flows in, the coin graduates to a regular pool.

What does bundling mean in crypto?

A dev buying a large share of a new coin's supply from many wallets in the launch block, so the supply looks spread across many holders when one person controls it.

What is a dev wallet?

The wallet that created a token. Traders check its history to see whether the creator tends to sell early.

Nothing here is financial advice, and we never call a coin or tool safe. We say what we checked and when.