Trading

All-time high. The highest price a coin has reached. Most trench coins print theirs in the first hour.

All-time low. For a fresh coin, sometimes also launch price.

Buying interest, or the act of buying. A coin with a bid has people willing to buy dips. To bid something is to buy it.

Sideways, directionless price action that bleeds traders through small losses on both sides.

Automatically mirroring another wallet's buys and sells. Works until the wallet you copy notices and starts using you as exit liquidity.

A coin with no volume, no bid and no community left. The default end state of most launches.

A price drop that buyers hope is temporary. Buying the dip works until the dip is the rest of the chart.

Heavy selling that pushes price down hard. Also the act of selling a big position all at once.

A position or wallet balance so small it is basically worthless. Often what is left after a rug.

The price or market cap at which you bought. Trench brag currency.

Fully diluted valuation: price times the maximum supply. For most Pump.fun coins the whole supply already exists, so FDV and market cap are the same.

A price level a coin keeps bouncing off, where buyers seem to step in. Floors are opinions until they break.

A single huge green candle that sends price up in one move. Usually after you sold.

A dip that bottoms above the previous dip. The chart pattern trench traders look for to say a coin is not dead yet.

Your initial investment. Taking out initials means selling enough to recover what you put in and holding the rest for free.

How much money sits in a coin's trading pool. Low liquidity means big price moves on small trades and trouble getting out.

Price times supply. For memecoins it is the headline number everyone quotes, even though the money you can actually exit with is set by liquidity.

Maximal extractable value. Profit taken by reordering or inserting transactions around yours, for example a sandwich attack on a high-slippage buy.

A small part of a position kept after taking profit, in case the coin goes much higher. Costless emotionally if you took out initials.

A fast, deep price crash, often from a large holder dumping or a rug. To nuke is to crash like that.

A sharp rise in price, organic or coordinated. Not to be confused with Pump.fun, though the two show up together a lot.

A pullback after a run up, before deciding the next direction. Healthy coins retrace and hold; dead ones keep retracing.

A coin that was presumed dead and comes back, often after a CTO, a new narrative or a whale buying in.

Move money out of one coin and into another, usually from a slower play into whatever is moving now.

Watching a profitable position return to breakeven or a loss without taking profit.

A coin's second big move up after an initial run and a long cooldown. Everyone is waiting for one; few coins get it.

A tiny holder. Self-deprecating word for trading small.

The difference between the price you expect and the price you get, caused by thin liquidity or a moving market. High slippage settings get you in and sometimes get you robbed.

Wallets with a strong track record that people follow and copy. Calling a wallet smart money is a label, not a guarantee.

An order that sells automatically if price falls to a set level. Useful on liquid coins; on thin memecoins it can fill far below where you set it.

Selling some or all of a position at a gain. TP for short. The trenches consensus is that nobody does it enough.

The amount traded over a period. Real volume shows interest; bot volume shows someone paying to look busy.

A wallet holding or trading a large amount relative to the coin. In the trenches a whale can be someone with 50 SOL.

The thin line above or below a candle showing a price that was touched briefly. A long top wick is everyone selling into a spike.