Essentials of trading on the chain: Memecoin community terminology

Original text: Haze , GMGN project consultant

In the process of trading Memecoin on the chain, the trading community gradually formed a unique terminology system. These terms form a common language among traders, and for new entrants, understanding them is crucial to understanding market dynamics.

Asset size classification

• P Xiaobing : Traders who hold assets below $1M
• P Junior : Traders who hold assets between $1M and $5M
• General P : Traders who hold assets between $5M and $10M
• Marshal P : Traders who hold assets of more than $10M

Trading Behavior Terminology

• Car head : Refers to the address holder whose address is monitored by many people and has obvious influence on the market after buying or selling.
• To pour : sell coins to others, commonly known as "smashing"
• Inclusive : describing a definite event
• CA : Send out the token contract address
• Sitting : refers to a trading behavior of staring at the information on the chain for a long time and looking for opportunities.

Trader Classification

• On-Chain King : A player with sharp on-chain operations, extremely high winning rate, and extremely high profits
• The King of Idiots : A player with a very low winning rate and a lot of money losses

Market phenomena and strategies

• Blocking : A kind of ridicule of buying and falling
• PVP : A trading behavior of buying when the market value is extremely low and selling quickly to earn profits. At the same time, some people will lose money.
• Trenches : Refers to trading memecoin on the chain, which is extremely risky and is like fighting in a trench.
• Scan the chain : constantly look at new assets issued and look for opportunities to buy.
• Looking for an angle : What’s important about memecoin is emotion and storytelling. How to discover this virtual value? Everyone calls it "finding the angle"