Propose an edit: Memecoin Slang Dictionary

From memecoin.wiki, the free memecoin encyclopedia

Title Category One sentence summary Infobox, one "key: value" per line Article body, markdown, use [[wiki links]] and end with a ## References section

Memecoin slang is the working vocabulary of [[crypto twitter]] and [[the trenches]]: a fast moving mix of trading jargon, gambling humor, insider accusations and borrowed internet meme culture that traders use to talk about how a coin launches, who is buying it, and how it dies. Much of it did not start in crypto at all. Words arrive from hip hop ("cooking," "fumble"), from gaming ("rekt," "PvP"), from bodybuilding forums ("WAGMI"), from stock market slang a century old ("bagholder," "pump and dump"), and get reforged in [[pump.fun]] launch chats and [[Solana]] trading terminals until they mean something more specific than their origin ever did. This dictionary defines all 59 terms carried in memecoin.wiki's Lexicon, from [[Alpha group]] to [[Wash trading]], grouped alphabetically. Each entry is a short definition in this dictionary's own words; the linked article covers the term's full mechanics, history and sourcing.

New arrivals to [[the trenches]] usually learn this vocabulary the hard way, mid trade, from a Telegram channel or a reply on X assuming they already know what a [[dev]] or a [[bundle]] is. This page exists to shortcut that. Traders researching a specific word should also check the site's Coins, People, Platforms and Events categories, since much of this slang was coined or popularized around specific launches, from the [[LIBRA scandal]] to the [[celebrity coin wave]].

## A

- [[Alpha group]]: a private Telegram or Discord chat where members trade early token calls and privileged market reads, often run in a way that lets the group's own leaders profit off the members who trust it.
- [[Ape]]: to buy into a token fast and heavy without research, usually out of fear of missing a move that is already underway.

## B

- [[Bag]]: a trader's holding in a particular coin; a bagholder is whoever is still holding it once everyone who was going to sell already has.
- [[Bonding curve]]: the automated pricing contract behind a launchpad token, which sells supply along a rising price schedule until enough SOL has come in to fund the coin's move to a real exchange.
- [[Bull market]]: the stretch of a crypto cycle when prices climb, risk appetite expands, and new money and normies pour in together, the season when the trenches do their biggest numbers.
- [[Bundle]]: a launch in which many wallets controlled by the same operator buy the token in the same block as its creation, capturing the cheapest supply before any outside buyer can react.

## C

- [[Cabal]]: a coordinated group of insiders who quietly control a launch's supply and promotion, then sell into the demand they manufacture.
- [[Cooking]]: approving slang for a token, chart or person showing real, sustained momentum, most often heard in the phrase "let him cook."
- [[Cope and hopium]]: the two moods of a losing trade, hopium is unfounded optimism that a bad position will turn around, copium is the denial that follows once it does not.
- [[Copy trading]]: an automated setup that mirrors a chosen wallet's buys and sells directly into a follower's own wallet.
- [[creator fees]]: the share of a token's trading fees that a launchpad pays back to whoever created it, the mechanism behind pump.fun's creator rewards and the fee claiming culture built around it.
- [[CTO]]: community takeover, the process by which a coin's remaining holders adopt and keep running it after the original creator disappears.
- [[Cult coin]]: a coin whose defining strength is a fanatical, identity driven holder base rather than insider coordination, framed in 2026 trench discourse as the direct opposite of a cabal coin.

## D

- [[Degen]]: short for degenerate, the proudly self applied identity of a trader who takes extreme, research free risk as a way of life rather than an insult.
- [[Dev]]: the creator of a token, whose wallet behavior traders watch more closely than almost anything else about a coin.
- [[Dev sold]]: the alert, and the verdict, the moment a token's own creator sells their holdings, almost always read as the launch's obituary.
- [[Dex paid]]: shorthand for a token whose team has paid DexScreener for an enhanced listing, treated as a small but checkable proof that someone spent real money on it.

## E

- [[Engagement farming]]: posting content built to harvest likes, replies and impressions rather than to say anything real, usually chasing platform payouts or airdrop eligibility.
- [[Exit liquidity]]: the buyers whose demand lets earlier holders cash out; to "be exit liquidity" is to have bought near a top so someone else could sell into you.

## F

- [[Fair launch]]: a token sold with no presale, team allocation or inside pricing, in theory open to everyone on equal terms, in practice a claim traders check against the holder map rather than take on faith.
- [[Farming]]: doing whatever a protocol seems to reward in hopes of qualifying for a future airdrop or points payout; in trench usage, also an accusation of extracting value from an audience's attention or loyalty.
- [[Few and probably nothing]]: a pair of ironic crypto Twitter tags, "few" implies the poster has insider knowledge the masses will miss, "probably nothing" sarcastically downplays news the poster actually thinks matters.
- [[FUD]]: fear, uncertainty and doubt, the umbrella term for any negative claim spread about a coin or the market, whether accurate or invented.
- [[Fumble]]: selling a future giant far too early and watching it run on to a valuation that would have been life changing.

## G

- [[Gm]]: "good morning," the default daily greeting of crypto social culture, less a report on the time of day than a signal that an account, and the community around it, is still alive.
- [[Graduation]]: the moment a launchpad token finishes selling out its bonding curve and migrates onto a full exchange with real pooled liquidity.

## H

- [[HODL]]: crypto's oldest piece of slang, born as a 2013 forum typo for "hold" and now shorthand for refusing to sell through volatility.
- [[Honeypot]]: a scam contract that lets buyers in freely but blocks or taxes the exit, trapping money behind a chart that only ever looked like it was rising.

## I

- [[IBRL]]: "Increase Bandwidth, Reduce Latency," Solana's literal engineering mandate that also doubles as a crypto Twitter rallying cry and an identity marker across the ecosystem.
- [[Insider]]: a launch participant with privileged access, whether early timing, a hidden supply allocation, or a direct line to the dev, that ordinary buyers never get.
- [[Internet Capital Markets]]: the Solana ecosystem's framing of itself as a venue for tokenized, permissionless finance, flattened in everyday trench talk into shorthand for any fast speculative launch, "an ICM."

## J

- [[Jeet]]: a trader who sells at the first sign of weakness, and the insult aimed at them for denying a coin the hold its believers wanted.

## K

- [[KOL]]: key opinion leader, the crypto influencer whose token calls, frequently paid or arranged in advance, are capable of moving a market on command.

## L

- [[Larp]]: performing a fake identity or track record online, from invented insider access to a doctored profit and loss screenshot.

## M

- [[Mcap and FDV]]: the two standard yardsticks for a token's size, its current market value against its value if every possible unit of supply existed today, numbers that are usually identical for a meme coin launched fully circulating.
- [[MEV]]: maximal extractable value, the profit a bot makes by inserting itself around a pending trade, felt by ordinary traders mainly as a fill that lands worse than the quote.
- [[Microcap and lowcap]]: the trenches' size tiers for the smallest, most illiquid tokens, where a hundredfold gain is possible precisely because the coin could just as easily collapse to nothing.
- [[Midcurve]]: an insult borrowed from the bell curve meme, for a trader whose overthinking produces worse results than either naive conviction or genuine expertise.
- [[Moon]]: to rise sharply in price; a moonshot is a cheap, speculative bet chosen in advance for its long odds of doing exactly that.

## N

- [[NGMI and WAGMI]]: paired verdicts on a trader's fate, NGMI writes someone off as doomed, WAGMI is the collective promise that everyone holding together will make it.
- [[Normie]]: the mainstream newcomer who shows up once a coin is already trending on their feed, rather than through any prior involvement in crypto culture.

## P

- [[Paper hands and diamond hands]]: the two ways a holder can react to a falling chart, folding and selling at the first scare, or holding through the drawdown no matter what happens to the price.
- [[prediction market]]: an exchange where traders buy and sell shares in the outcome of real world events, whose resulting odds get treated on crypto Twitter as a live news source.
- [[Presale]]: buying an allocation of a token before it publicly launches, a structure blamed for enough trench era fraud that fair launch infrastructure emerged partly as its replacement.
- [[Pump and dump]]: inflating an asset's price with coordinated hype and buying, then selling the demand away, leaving the buyers who arrived last holding the loss.
- [[PvP]]: player versus player, the description of a meme coin market with little outside money entering it, where one trader's profit is simply pulled directly from another trader's loss.

## R

- [[Rekt]]: crypto slang for being financially destroyed, whether liquidated, rugged, or simply left holding a token that went to zero.
- [[Roundtrip]]: riding a position all the way up to a large paper gain and then all the way back down again without ever selling any of it.
- [[Rug pull]]: an exit scam in which a token's creators abandon the project and take its value with them, leaving buyers holding a worthless coin.

## S

- [[Send it]]: the exhortation to commit fully to a risky trade without hesitating, and the description of a chart that is already doing exactly that.
- [[Shill]]: promoting a token while hiding a financial reason for doing so, whether a paid arrangement or simply an unspoken hope to sell higher.
- [[smart money]]: the label onchain tracking tools give to wallets with a proven record of profitable trades, whose every move gets copied within seconds of being spotted.
- [[Sniper]]: a bot, or the trader running one, that buys a brand new token in its first fraction of a second, before any human could possibly react.
- [[Stealth launch]]: releasing a token with no prior notice at all, so nobody is positioned ahead of time and the contract address only appears once trading has already begun.

## T

- [[tokenized stocks]]: blockchain tokens that track the price of company shares so they can trade around the clock on crypto rails, without granting any real ownership of the underlying stock.
- [[Top signal and bottom signal]]: cultural tells for a cycle's peak and trough, a celebrity coin launch reads as the former, a community giving up entirely reads as the latter.

## V

- [[Volume bot]]: paid software that fakes trading activity across many wallets so a token climbs trending lists and looks like it has organic demand.

## W

- [[Wallet tracker]]: a tool that watches chosen addresses and alerts a trader the moment they buy or sell, standard equipment for following smart money, KOLs and devs alike.
- [[Wash trading]]: trading against yourself across controlled wallets to manufacture volume that never represented any genuine buying or selling.

## References

Every definition above is written independently for this dictionary and links to its own memecoin.wiki Lexicon article, where the term's etymology, mechanics and sourced citations live in full. This hub introduces no separate claims that require outside citation; consult the linked article for each term's references.

Your handle or name (optional) Note to the moderators (optional)

A moderator reviews every submission before it publishes.