Essential for on-chain transactions: Memecoin community terminology

Asset size classification: Traders are categorized based on their asset size, ranging from "P Xiaobing" (below $1M) to "Marshal P" (over $10M).
Trading behavior terms: Includes "Head of the car" (influential address), "dumping" (selling coins), "CA" (token contract address), and "sitting still" (monitoring chain data for opportunities).
Trader classification: "Chain King" (highly successful trader) vs. "Fool King" (trader with frequent losses).
Market phenomena & strategies: Terms like "Cap" (buying then falling), "PVP" (low-market-value trading), "Trench" (high-risk memecoin trading), "chain scanning" (hunting for new assets), and "finding an angle" (narrating memecoin value).

This glossary helps newcomers navigate the unique language of the Memecoin trading community.

Original article: Haze , GMGN project consultant

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

Asset size classification

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

Trading Behavior Terminology

Head of the car : refers to the address that is monitored by many people and has a significant impact on the market after buying or selling.
Selling coins to others, commonly known as "dumping"
Package : Describes a certain event
CA : Send the token contract address
Sitting still : refers to a trading behavior of staring at the information on the chain for a long time, looking for opportunities

Trader Classification

Chain King : A player with sharp on-chain operations, extremely high winning rate and extremely high returns
Fool King : A player with a very low winning rate and a lot of losses

Market Phenomena and Strategies

Cap : a behavior of buying and then 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.
Trench : refers to trading memecoin on the chain, which is extremely risky, like fighting in a trench
Chain scanning : constantly looking at new assets issued and looking for opportunities to buy
Finding an angle : What is important about memecoin is emotion and storytelling. How to discover the value of this virtual thing? Everyone calls it "finding an angle"