Unique Terms in the Memecoin Trading Circle: Decoding the Secrets of the on-chain World

In the world of trading on the Memecoin链上, a unique terminology system has emerged. These terms not only serve as a common language among traders but also become key for newcomers to understand market dynamics. Let us explore this vibrant trading circle language together.

Capital Strength Classification

The trading circle categorizes participants into different levels based on the size of their held assets:

• Assets under $1 million are referred to as "small soldiers".
• Between 1 million and 5 million dollars is considered a "young player"
• Upgrade from 5 million to 10 million USD to "General"
• Those exceeding 10 million USD are honored as "Marshals"

Interpretation of Trading Behavior

• "Head of the Car": Refers to addresses that are closely watched by numerous traders, whose buying and selling activities can significantly affect market trends.
• "Dumping": A vivid description of the act of selling off, commonly referred to as "crashing the market".
• "Bagged": Used to indicate that something is a done deal.
• "CA": is the abbreviation for "Contract Address", commonly used to request others to share token information.
• "Staring at the screen": Describes the behavior of watching the market for a long time, looking for trading opportunities.

Trader Types

• "On-chain King": Refers to those who operate precisely on-chain and achieve substantial profits.
• "Dumb King": A self-deprecating term referring to an unfortunate player who frequently incurs losses.

Market Phenomena and Strategy Terminology

• "Cap" : Self-deprecating remark about buying in and then facing a decline.
• "PVP": Describes the strategy of buying in at very low market values and quickly profiting, while also implying that some may incur losses as a result.
• "Trench": A metaphor for the high risk of trading Memecoins, akin to being on a battlefield.
• "Scan the chain": Describes the behavior of continuously searching for newly issued assets and looking for entry opportunities.
• "Finding Angles": In Memecoin trading, the ability to identify market sentiments and tell captivating stories is referred to as "Finding Angles".

Understanding these terms can not only help newcomers integrate into the trading community more quickly but also better grasp market trends and trading strategies. However, participants should also be aware that trading Memecoins comes with high risks and should be approached with caution.