Essential "Slang" for On-Chain Trading
During the process of trading Memecoins on-chain, the trading community has gradually formed a unique terminology system. These terms constitute a common language among traders, and for newcomers, understanding these terms is crucial for grasping market dynamics.
Asset Size Classification
P Small Soldier: Traders holding assets under $1M
P Small General: Traders holding assets between $1M and $5M
P Large General: Traders holding assets between $5M and $10M
P Marshal: Traders holding assets over $10M
Trading Behavior Terms
Head of the Car: Refers to an address that is monitored by many people, and the address holder has a significant market influence after buying or selling
Drench: Selling coins to others, commonly known as "dumping"
Bagged: Describes a confirmed event
CA: Sending out the token contract address
Sitting Idle: Refers to a trading behavior of staring at on-chain information for a long time, looking for opportunities
Trader Classification
On-Chain Emperor: A player who operates sharply on-chain, with extremely high win rates and profits
Idiot King: A player with extremely low win rates and significant losses
Market Phenomena and Strategies
Cap: A behavior mockery where buying leads to a drop
PVP: A trading behavior of buying when the market cap is extremely low and quickly selling to make a profit, while correspondingly, some will incur losses
Trench: Refers to trading memecoins on-chain, which carries extremely high risks, akin to fighting in a trench
Sweep Chain: Continuously looking for newly issued assets, searching for buying opportunities
Find Angle: The importance of memecoins lies in emotion and storytelling; how to discover this virtual value? This is commonly referred to as "find angle".